As productive capital goods are established in developing nations
A. these countries will experience higher rates of economic growth.
B. portfolio investment will be replaced by loans from international aid agencies.
C. they will be less likely to engage in international trade.
D. developed nations will become less prosperous.
Answer: A
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If Kami can produce 40 tablets or 30 cellphones during a month's time, while Sally can produce 10 tablets or 20 cellphones, then it is correct to state that
A) Kami has a comparative advantage in producing tablets. B) Kami has a comparative advantage in producing both tablets and cellphones. C) Sally has a comparative advantage in producing both tablets and cellphones. D) Sally has an absolute advantage in tablets.
Consumer surplus increases whenever the price of a good increases
a. True b. False Indicate whether the statement is true or false
The supply of euros would come from
a. American demand for European real estate. b. European demand for U.S. government bonds. c. Americans vacationing in Barcelona, Spain. d. French supplies of wine to U.S. importers.
There are very few, if any, good substitutes for automotive tires. Therefore, the demand for automotive tires would tend to be
a. elastic. b. unit elastic. c. inelastic. d. highly responsive to changes in income as well as changes in prices.