Exiting from a peg is relatively ____ compared with exiting from a common currency, which would be ____.
A) difficult; impossible
B) easy; more difficult and costly
C) complex; simple
D) rare; much more common
Ans: B) easy; more difficult and costly
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Where Y is GDP, C is consumption, I is investment, G is government purchases, and there is no international trade, national saving equals:
A. Y - C - G. B. Y + C + G. C. Y - C - I. D. C + I + G.
Which of the following statements is true of economic growth?
A) Countries with inclusive institutions are likely to grow faster than countries with extractive institutions. B) In comparison to countries with extractive institutions, economic growth in countries with inclusive institutions is more likely to stagnate in the long run. C) Countries with extractive institutions are likely to grow faster than countries with inclusive institutions. D) Countries with extractive institutions are likely to grow at the same rate as countries with inclusive institution.
The Malthusian population trap model has been criticized on the grounds that it
(a) ignores the role of technological progress. (b) assumes that population growth is primarily determined by individual choice over the number of children to have. (c) both (a) and (b) are correct. (d) neither (a) nor (b) is correct.
The popular diet drug Redux was removed from the market in August 1997, after a Mayo Clinic report linked the drug to heart valve damage. a . Explain the effect of this action on membership at Gold's Gym, on enrollment at diet centers such as Weight
Watchers, where clients learn to lose weight by exercising and eating right, and on sales of treadmills and exercise bikes. b. Would you expect people to switch to other diet drugs now that Redux has been banned? How would you explain the fact that sales of the most popular, and still legal, diet drug phentermine have plummeted since the Mayo clinic report was released?