If land is suitable for producing crops, it is _____.
(A) Malnutrition
(B) Arable
(C) Arid
(D) A marsh
Ans: (B) Arable
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A country producing a combination of 9 units of guns and 6 units of butter would be _____________ (outside/on/inside) the production possibilities curve.
In what way(s) do the development paths chosen by Pakistan and Bangladesh differ? What are the main factors that have contributed to these differing paths?
What will be an ideal response?
In the DMP model, a decrease in the unemployment insurance benefit
A) increases the unemployment rate. B) reduces labor market tightness. C) reduces the unemployment rate. D) reduces the vacancy rate.
The formula for the multiplier overstates the real world multiplier when we take into account the impact of changes in GDP on imports, inflation, and the interest rate
a. true b. false