Political instability is an impediment to development mainly because it:
A. undermines both domestic and foreign investment in a developing country.
B. creates cultural and social differences among groups in developing countries.
C. produces excessive levels of domestic saving.
D. redistributes income.
Answer: A
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Labor productivity is defined as
A. the amount of output a typical worker turns out in an hour of work. B. the amount of output the best worker turns out in a day of work. C. the amount of output improvement in a year of work. D. the amount of average output improvement for a team in a year of work.
Property owned by groups is called:
A. Shared property B. Public property C. Private property D. Common property
The IS curve
A) is horizontal. B) is vertical. C) slopes downward. D) slopes upward.
Comment on the statement from an opportunity cost perspective: “The major cost of going to college is the $15,000 per year in tuition.” Assume that a person could have earned $30,000 a year if the person did not go to college
Please provide the best answer for the statement.