Imagine that you are on the economic development council of an LDC. You propose that the government invest in an herbal shampoo factory to make use of your country's abundant herbs. What type of development strategy is this? How do you expect it to help your country advance?
This is an example of an unbalanced development strategy. As the shampoo factory goes into construction,
you expect it to trigger further growth because private investors will see opportunities develop for the
production of inputs that the shampoo factory will need, such as bottles and labels. As private investors
begin to invest in factories to produce these backward links to shampoo, other investors will see
opportunities for profitable investments in other industries that need bottles and labels (these other
industries are the forward links).
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Which of the following countries has higher income mobility than the United States?
A. Canada B. France C. Denmark D. All of these countries have higher income mobility than the United States.
Suppose Smith wants one iPhone no matter what the price is between $0 and $350, Jones wants one iPhone no matter what the price is between $0 and $200, and Griffith wants one iPhone no matter what the price is between $0 and $450. In this case, each individual buyer's demand curve will be __________________ and the market demand curve will be __________________
A) downward sloping; vertical B) vertical; downward sloping C) vertical; vertical D) downward sloping; downward sloping
Money is:
A. the clearest example of something that is fungible. B. more fungible in cash form versus as checking account balances. C. always recognized as fungible by individuals. D. All of these are true.
The exchange rate of a currency will increase if the quantity demanded exceeds quantity supplied at the current exchange rate
a. True b. False Indicate whether the statement is true or false