Poorer countries started to develop economically when they
A. focused on domestic economic regulation.
B. focused on becoming net traders.
C. focused on becoming importers.
D. figured out what the rest of the world wanted, and responded.
Answer: D
You might also like to view...
"Banks make a profit by paying depositors a high rate to attract funds and making loans at a low rate to encourage borrowing." Is the previous statement correct or not?
What will be an ideal response?
What is voluntary exchange?
What will be an ideal response?
The interest rate that banks charge on loans to their best customers is called the:
A) federal funds rate. B) discount rate. C) mortgage interest rate. D) prime rate.
Suppose the real exchange rate is 3/4 gallon of country A's gasoline per gallon of U.S. gasoline, a gallon of U.S. gasoline costs $3.00 U.S., and a gallon of gas in country A costs 6 units of their currency. What is the nominal exchange rate?
a. 3/8 of a unit of country A's currency per dollar. b. 3/2 units of country A's currency per dollar. c. 8/3 units of country A's currency per dollar. d. None of the above is correct.