a. reduce government-mandated wages, which would allow it to reduce government spending.
a. South Africa
b. Spain
c. India
d. Greece
c. India
You might also like to view...
A recession is a slowdown in the rate of economic growth that
A) causes total income to fall even though total output has not declined. B) is unintended and therefore disappoints people's expectations. C) lowers the nominal level of gross domestic product. D) persists longer than one year. E) results in fewer people being employed.
________ are the only depository institutions that are tax-exempt
A) Commercial banks B) Savings and loans C) Mutual savings banks D) Credit unions
Explain why using leverage to purchase risky securities is so popular
A prisoner's dilemma illustrates situations in which:
A. there is a conflict between the narrow self-interest of individuals and the broader interests of a group. B. resources with the lowest opportunity cost should be used first. C. efficiency is an important social goal. D. everyone does best when each person specializes in the activities in which he or she has a comparative advantage.