If a developing economy ________ the amount of money its citizens can invest abroad, it has ________ chance of increasing capital formation by forcing its citizens to invest in their own country.
A. restricts; a lesser
B. increases; a greater
C. restricts; a greater
D. restricts; no
Answer: C
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Farmers selling some of their soybeans in storage because they anticipate a lower price of soybeans in the near future would cause a
A. movement up along the current supply curve of soybeans. B. rightward shift in the current supply of soybeans. C. movement down along the current supply curve of soybeans. D. leftward shift in the current supply of soybeans.
Assume a consumption function of the following form: C = 100 + .8Y. If income is equal to $3,000, then consumption is
A) $2,400. B) $2,500. C) $2,900. D) $3,100.
You want to add a new room on your house, but you are not familiar with the local building contractors and are not sure who to consider for the job
If you ask your friends for referrals, you are using their past experience as a way to evaluate the ________ of the builders. A) efficiency wages B) moral hazard C) asymmetric information D) reputation
List three different price indices and explain how they differ in terms of the market basket on which they are based
What will be an ideal response?