While many developing countries have reformed their economies in order to imitate the success of the successful industrial economies, the process remains incomplete and most developing countries tend to be characterized by all of the following EXCEPT
A) seigniorage.
B) control of capital movements by limiting foreign exchange transactions connected with trade in assets.
C) use of natural resources or agricultural commodities as an important share of exports.
D) a worse job of directing savings toward their most efficient investment uses.
E) reduced corruption and poverty due to limited underground markets.
E
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Suppose Honda purchases a car factory in the United States. This purchase is entered into which of the balance of payments accounts?
A) business purchases account B) current account C) capital and financial account D) trade account E) official settlements account
What does the sign (positive/negative) of the cross elasticity of demand tell us about the relationship between two goods?
What will be an ideal response?
How has the pattern of fluctuations in overall U.S. business activity changed since World War II?
A. Expansions have been eliminated. B. Contractions have been eliminated. C. Recessions have been eliminated. D. It has become less volatile.
About ________ of recent annual labor force growth in the United States is the result of immigration
A. one-tenth B. one-fifth C. one-third D. one-half