State three country characteristics that encourage and three that discourage economic integration among developing countries
What will be an ideal response?
Among those encouraging: similar economic systems, locations, development levels, and goals. Discouraging: nationalism, desire for high tech prestige projects regardless of efficiency, similar resources, and similar comparative advantage.
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The main policy-making organ of the Federal Reserve System is the
A) Board of Governors. B) Federal Reserve Bank presidents. C) Federal Open Market Committee. D) Joint Congressional Committee on Monetary Policy.
Explain two economic costs, and two human costs of unemployment.
What will be an ideal response?
Refer to the above table. Suppose Buyer 2 leaves the market. What is the new market quantity of DVDs demanded at a price of $10?
A) 33 B) 25 C) 22 D) 8
A traffic light at an intersection is
a. rival and excludable in consumption. b. not rival but excludable in consumption. c. rival but not excludable in consumption. d. not rival and not excludable in consumption.