The growth of the Euromarkets resulted in
a. developing-country governments borrowing from European banks instead of American and Japanesebanks
b. higher interest rates in Europe than in the U.S. and Japan
c. a general trend toward substituting foreign aid for bank lending
d. a general trend toward substituting bank lending for foreign aid
e. none of the above
D
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Vote trading in legislatures can lead to efficient outcomes that might otherwise not have been reached.
Answer the following statement true (T) or false (F)
"The unemployment rate is five percent" is an example of a normative statement
Indicate whether the statement is true or false
If national real GDP grows at twice the rate of population growth,
A. real per capita GDP growth will double each year. B. eventually there will be too much GDP. C. real per capita GDP will double each year. D. real per capita GDP will be reduced by half each year.
Explain the relationship among output, saving, and investment
What will be an ideal response?