Have structural adjustment programs "worked"? What evidence would you look for to support your view?
What will be an ideal response?
Whether they have worked may depend on what objectives are admitted to. Relevant evidence would include changes in current account balances, investment, growth, and standards of living. Evidence may support one kind of success (lower current account deficits) while indicating failure on other fronts (growth).
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An increase in the level of total factor productivity will lead to
A) an increase in the capital-labor ratio and an increase in real GDP worker. B) an increase in investment and a decrease in depreciation. C) an upward shift of the break-even investment line and an increase in the capital-labor ratio. D) a higher rate of dilution and lower break-even investment.
At an antique auction, Ross hoped to purchase a mid-century coffee table for less than $400. When other bidders drove the price of the item above that level, he dropped out of the bidding. What economic concept does this story represent?
a. market efficiency b. opportunity cost c. marginal thinking d. absolute advantage
Use the following table to answer the next question.YearNominal Income (dollars)CPIReal Income (dollars)1$44,600130 2$48,200 $35,1833$51,000139 What is the percentage change in real income from Year 2 to Year 3?
A. 4.3% B. 0.04% C. 5.8% D. 0.06%
The market supply curve of labor for an occupation is positively sloped in part because an increase in the wage rate will encourage more people to work in that occupation.
Answer the following statement true (T) or false (F)