Sustainable development means
(a) emphasizing the role of the market.
(b) emphasizing the role of government.
(c) meeting the present generation's needs without compromising the needs of future generations.
(d) maintaining output growth at a constant rate.
C
You might also like to view...
Refer to the table above. Which of the following is likely to be true in this case?
A) Laborland's terms of trade will improve. B) Laborland's economy will go into a recession. C) There will be a surplus in Laborland's financial account. D) There will be a deficit in laborland's financial account.
If a 200 billion dollar increase in government spending occurs when the Fed seeks to maintain a fixed interest rate then
A) there is no crowding out, the LM curve shifts to offset the shift in the IS curve. B) there is no crowding out, the monetary policy is fixes as is the LM curve fixed. C) crowding out is assured since monetary policy is fixed. D) crowding out is assured since the Fed will accommodate the spending increases.
The low point of the business cycle is the _____; the high point is the _____.
Fill in the blank(s) with the appropriate word(s).
The U.S. demand for British pounds is:
A. downsloping because a higher dollar price of pounds means British goods are cheaper to Americans. B. downsloping because a lower dollar price of pounds means British goods are more expensive to Americans. C. upsloping because a lower dollar price of pounds means British goods are cheaper to Americans. D. downsloping because a lower dollar price of pounds means British goods are cheaper to Americans.