Which of the following transitional economies has become a high-income nation?
a. Czech Republic
b. Kazakhstan
c. China
d. Vietnam
e. None of the answers is correct
E
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In the savings function S = -725 + 0.25y, 0.25 is the
A) MPS. B) slope of the consumption function. C) MPC. D) vertical intercept of the savings function.
Negative net exports represent reduced investment because
A) payments for imports will be used by foreigners to buy domestic goods in the future. B) payments for exports will be used by foreigners to buy domestic goods in the future. C) payments for imports will be used by U.S. citizens to buy domestic goods in the future. D) None of the above.
The most severe depression in the United States was the 30 percent decrease in real GDP that occurred between
a. 1899 and 1913. b. 1929 and 1933. c. 1959 and 1963. d. 1979 and 1983.
In recent decades labor markets in European countries like Italy and Spain have been
What will be an ideal response?