Globalization has made it __________ for developing countries to get investment funds and technology
Fill in the blank(s) with the appropriate word(s).
Answer: easier
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Empirical studies have shown that in most situations people are:
A) risk-averse. B) risk-neutral. C) risk-loving. D) either risk-neutral or risk-loving but not risk-averse.
On a diagram of the consumption function and the 45-degree line, saving at each level of disposable income is the vertical distance
A) from the horizontal axis to the intersection point of the consumption line and the 45-degree line. B) from the horizontal axis to the 45-degree line. C) between the consumption and the 45-degree lines. D) from the horizontal axis to where the consumption line intersects the vertical axis.
The per capita output of an economy is likely to increase if: a. the number of workers in the economy grows faster than its population
b. the population of the country grows faster than its labor force. c. the government increases the tax rates. d. the government controls the number of illegal immigrant workers in the economy. e. the government manages the foreign investment in the economy.
Governments can use price elasticity of demand to estimate how changes in excise tax rates will affect
a. income b. prices c. tax revenues d. government spending e. profits