What is the biggest obstacle to successful economic growth in very low income countries?
a. lack of education
b. poor health and limited health care facilities
c. high political instability
d. lack of technology
c. high political instability
You might also like to view...
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the GDP price index and the nominal value of the domestic currency in the context of the Three-Sector-Model?
a. The GDP Price Index rises, and nominal value of the domestic currency falls. b. The GDP Price Index falls, and nominal value of the domestic currency rises. c. The GDP Price Index falls, and nominal value of the domestic currency falls. d. There is not enough information to determine what happens to these two macroeconomic variables. e. The GDP Price Index rises, and nominal value of the domestic currency remains the same.
Refer to the graph shown. Suppose the market price is $3. At this price, a perfectly competitive firm should:
A. continue to produce in both the short run and the long run. B. shut down in the short run but continue production in the long run. C. shut down immediately. D. continue to produce in the short run but shut down in the long run.
"A reduction in gasoline prices caused the demand for gasoline to increase. The lower gas prices also led to an increase in demand for large cars, causing their prices to rise." These statements
What will be an ideal response?
The three approaches to measuring economic activity are the
A. consumer, business, and government approaches. B. cost, income, and expenditure approaches. C. product, income, and expenditure approaches. D. private, public, and international approaches.