Among the nations listed, which of the following is the most closed economy?
A. The Netherlands
B. The United States
C. Germany
D. Russia
E. Canada
Answer: B
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Which of these actions will occur to the budget constraint when an individual's income increases?
a. shifts outward b. shifts backward c. rotates clockwise d. cannot be determined from the information given
Capital flight refers to
a. the movement of workers across international borders in response to exchange rate changes. b. the movement of funds between financial intermediaries when interest rates change. c. the ability of foreign direct investment to lift a country out of poverty. d. a large and sudden movement of funds out of a country.
The marginal revenue curve for a monopolist:
A. is a straight, upsloping curve. B. rises at first, reaches a maximum, and then declines. C. becomes negative when output increases beyond some particular level. D. is a straight line, parallel to the horizontal axis.
One of the main causes of economic inequality in Latin America is the
A) failure of governments to support urban consumers. B) lack of progress in raising agricultural productivity. C) lack of governmental interest in solving the problem of inequality. D) focus of governments on agricultural exports to the detriment of food production.