What role should the government play with respect to the agricultural sector in developing countries in their attempt to alleviate poverty?
What will be an ideal response?
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The citizens of Exland, whose currency is the bun, conduct the transactions outlined in the table above
a) What is Exland's current account balance? b) What is Exland's capital account balance? c) What is Exland's official settlement balance? d) What is Exland's net foreign borrowing?
A profit maximizing monopolist sets output where
A. MC = demand. B. MC = MR. C. MC = P. D. it depends on the average costs in each case.
OPEC is an example of a:
A. duopoly. B. monopoly. C. monopsony. D. cartel.
According to the quantity theory of money, an increase in the quantity of money will increase the price level
a. and decrease real GDP and increase the velocity of circulation. b. and increase real GDP but decrease the velocity of circulation. c. but have no effect on real GDP or the velocity of circulation. d. and increase real GDP and the velocity of circulation. e. but have no effect on real GDP and will decrease the velocity of circulation.