Which of the following public policies would be least likely to result in more rapid economic growth for a poor or developing country?
a. policies designed to promote economic development in coastal areas
b. policies designed to foster strict enforcement of property rights
c. policies designed to foster free trade
d. inward-oriented policies
d
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An economy that has a domestic and a foreign sector is called:
A) a mixed economy. B) an open economy. C) a closed economy. D) a command economy.
The financial innovation of numerical credit scoring contributed to the ________
A) "democratization of credit" B) reduction of loan-to-value ratios C) "depersonalization of credit" D) reduction of information asymmetries
Unlike in the 1930's, farmers today can insure themselves against price swings that would impact them adversely through the futures market
Indicate whether the statement is true or false
Suppose the price of banana rises over time and consumers respond by buying fewer bananas. This situation contributes to which bias in the consumer price index?
A. substitution bias B. transportation bias C. quality bias D. indexing bias