Economic growth is the key to ending global poverty.
Answer the following statement true (T) or false (F)
True
The key to ending global poverty is, of course, economic growth. Redistributing existing incomes doesn't do the job; total income has to increase.
You might also like to view...
If a manufacturer and retailers have a resale price maintenance agreement, typically the manufacturer permits retailers to charge a resale price ________ the specified ________ price.
A) above; minimum B) below; maximum C) above; maximum D) below; minimum
Given that chicken and beef are substitute goods, if the price of chicken decreases substantially, there would be:
A) an increase in the demand for beef. B) a decrease in the demand for beef. C) a decrease in the quantity of beef demanded. D) no change in the demand for beef.
Your annual review is given to you at your place of employment, and you get a raise of 3 percent for the next year. On the subway home though, you read an article stating the price of homes in the area you are looking to buy will increase by 6 percent during the coming year. You determine from the article that if you buy in your favorite neighborhood
A. your purchasing power declines. B. quantity demanded will increase. C. your real income actually increases. D. consumer optimum is reached.
You are the liaison between the Federal Reserve Board and the U.S. Treasury Department. Your goal is to coordinate policy efforts to achieve full-employment output in the economy while keeping a fixed real interest rate. You must recommend tightening or easing both monetary and fiscal policies to do this. What would your recommendation be in each of the following situations?(a)People decide to increase saving.(b)Expected inflation declines.(c)The future marginal productivity of capital declines.(d)There's an adverse oil price shock in which the LM curve moves farther to the left than does the FE line.
What will be an ideal response?