What is the human resource problem in DVC?
What will be an ideal response?
The circumstances for human resources in DVC are difficult. DVC tend to have large populations relative to national income and have high rates of population growth. These growing populations reduce the capacity of DVC to save, invest, and increase productivity. They also overuse land and natural resources and the migration of rural workers to cities creates urban problems. DVC often experience both unemployment and underemployment, which waste labor resources. DVC have low levels of labor productivity because of insufficient physical capital and lack of investment in human capital.
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Refer to Figure 28-6. If firms and workers have adaptive expectations, an expansionary monetary policy will cause the short-run equilibrium to move from
A) point C to point B. B) point B to point C. C) point A to point B. D) point B to point A. E) point A to point C.
A decrease in the price of spaghetti noodles is likely to cause:
A. an increase in the demand for penne pasta due to a change in the price of a complementary good. B. an increase in the demand for penne pasta due to a change in the price of a substitute good. C. a decrease in the demand for penne pasta due to a change in the price of a complementary good. D. a decrease in the demand for penne pasta due to a change in the price of a substitute good.
Introducing a tariff on vitamin E would: a. reduce imports of vitamin E
b. increase U.S. consumption of domestically produced vitamin E. c. decrease total U.S. consumption of vitamin E. d. all of the above.
Speculative attacks against a currency are caused by fears of:
A. monetary policy tightening. B. exchange rate revaluations. C. exchange rate devaluations. D. balance-of-payments surpluses.