One of the primary reasons that Mexico has had trouble attracting foreign investment and has therefore experienced relatively low rates of economic growth is
A) poor public education and health.
B) the failure to enforce the rule of law.
C) low rates of saving and investment.
D) persistent wars between Mexico and its neighboring countries.
B
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Economic growth entails an increase in the rate of production of
A) material goods. B) services. C) the money supply. D) wealth.
Fixed exchange rates are fixed by
A. international speculators who manipulate the world’s currencies. B. international demand and supply. C. national governments. D. All of the above are correct.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3. B. -3/4. C. -1.5. D. -20.
In long-run equilibrium in monopolistic competition, P = MR = MC = ATC.
Answer the following statement true (T) or false (F)