Which of the following was a contributing factor to the instability of 2002 to 2008?
a. ideal weather from 2002 to 2006, followed by a severe drought in 2007 and 2008
b. falling housing prices leading to an expansion, followed by rising housing prices leading to a sharp economic downturn
c. an increase in housing prices leading to an expansion, followed by a collapse in housing prices and a sharp economic downturn
d. falling stock prices leading to an expansion, followed by rising stock prices leading to a sharp economic downturn
C
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It is important to place particular stress on the role of women in rural development programs because
(a) women have received less training in the past. (b) women perform a large majority of the work in the rural sector. (c) women tend to allocate more resources to their children's health and education. (d) all of the above.
Economists believe that externalities can be cured by market methods
a. True b. False Indicate whether the statement is true or false
What is the relationship between real and nominal interest rates?
a. They are both different names for the same thing. b. The real interest rate is the rate stated on a loan. c. Real interest rate is calculated by subtracting inflation from nominal interest rate. d. Nominal interest rate is calculated by subtracting inflation from real interest rate.
To determine whether two goods are substitutes or complements, an economist would estimate the:
A. price elasticity of demand. B. income elasticity of demand. C. cross elasticity of demand. D. price elasticity of supply.