Historical evidence supports which of the following claims? econ
A. Aid from developed countries to less developed countries has not always resulted in sustained growth for the less developed countries.
B. Only the less developed countries that have received aid from the wealthy countries have succeeded in achieving sustained growth.
C. Sending financial resources to developing countries has helped them all achieve sustained growth.Building capital in the developing countries has helped them all achieve sustained growth.
D. Developed countries should not send any more aid to less developed countries because the effort has never resulted in sustained growth.
Ans: A. Aid from developed countries to less developed countries has not always resulted in sustained growth for the less developed countries.
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Refer to the above figure. Suppose point A is the original equilibrium. If there is an increase in the money supply, the new short-run equilibrium is given by point
A) A. B) B. C) C. D) D.
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d. both (b) and (c).
A consumer with a limited income will maximize utility when each good is purchased in amounts such that the
A. marginal utility of each good in a bundle is maximized. B. total utility is the same for each good in a bundle. C. marginal utility per dollar spent on each of the final choices in a bundle is equal. D. marginal utility per dollar spent on each of the final choices in a bundle is maximized for each good.