Big-push development strategies rely primarily on _________ for their financing
a. government
b. domestic private investment
c. foreign private investment
d. foreign aid
e. ex-colonial centers
A
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Government spending conducted for the purpose of achieving full employment, price stability, or economic growth is an example of
A) fiscal policy. B) monetary policy. C) interest-rate policy. D) exchange-rate policy.
A barter exchange
A) always takes place without greed on behalf of the trading parties. B) takes place without money. C) tends to have lower transaction costs compared to exchanges using money. D) is characterized by all of the above.
Which of the following is true of real GDP?
a. It measures a nation's output in terms of current year prices. b. It measures a nation's output in constant prices. c. It measures the degree of change in the general price level in an economy. d. It measures the change in the value of an economy's output. e. It measures the value of both intermediate and final goods and services produced in an economy.
If buyers today become more willing and able than before to purchase larger quantities of stand up paddle boards (SUPs) at each price of SUPs, then
a. we will observe a movement downward and to the right along the demand curve for SUPs. b. we will observe a movement upward and to the left along the demand curve for SUPs. c. the demand curve for SUPs will shift to the right. d. the demand curve for SUPs will shift to the left.