Prior to its reform, India followed a policy of:
a. extensive growth
b. import substitution
c. export promotion
d. the Kuznets curve
e. none of the above
B
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Because the Soviet Union educated more scientists and engineers than the United States, their level of economic growth was higher
a. True b. False Indicate whether the statement is true or false
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real GDP and monetary base in the context of the Three-Sector-Model? a. Real GDP rises and monetary base rises
b. Real GDP rises and monetary base falls. c. Real GDP and monetary base fall. d. Real GDP and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Unemployment insurance is:
A. offered by the government as a way to affect the level of seasonal unemployment. B. money that is paid by the government to people who are unemployed. C. offered by the government as a way to affect the level of cyclical unemployment. D. money that is paid to the government by employers who lay off employees.
When the price of petroleum increases, the supply of Question 27 options:
A. home heating oil increases. B. petroleum-based plastics increases. C. petroleum-based plastics decreases. D. airplane trips increases because of higher fuel costs. E. hydroelectric power decreases.