According to this Application, ________ regimes have difficulty coping with the changes arising from sustained technological progress
A) all political B) authoritarian C) participatory D) democratic
B
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When the price of a good increases, it
A. leads suppliers to place few goods on the market. B. the demand for the good shifts. C. leads consumers to want to buy more or less than before at a given price. D. a movement down along the demand curve will occur.
Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico in 2005. This drove up the prices of natural gas, gasoline, and heating oil. This is an example of a
A) supply shock. B) demand shock. C) negative externality. D) depression.
The MPC on ________ income is less than the MPC on ________ income according to ________ theory
A) transitory; permanent; Friedman's B) transitory; permanent; Modigliani's C) permanent; transitory; Modigliani's D) permanent; transitory; Friedman's
Big-push development strategies rely primarily on _________ for their financing
a. government b. domestic private investment c. foreign private investment d. foreign aid e. ex-colonial centers