According to your text, with the exception of South Africa, the record of economic growth in sub-Saharan Africa
A) is tragic.
B) mirrors that of most of the Latin American countries.
C) is about the same as South Korea.
D) is respectable, but not fantastic.
A
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When a product's price increases from $800 to $1,200, the quantity demanded decreases from 11,000 to 9,000 . Based on this information, the price elasticity of demand (in absolute terms) is estimated to be equal to: a. 0.5
b. 2.0. c. 0.25. d. 4.0.
Government policies designed to increase the skills of the work force shift the labor demand curve to the right, increasing employment and total output
a. True b. False
A country that suffers from bouts of high inflation and wants to fix its exchange rate should tie its currency to the currency of a:
A. larger country. B. country with similar inflation performance. C. country that is still on the gold standard. D. country with a strong reputation for low inflation.
If there are no interventions by finance ministers or control banks in the international market, then
A) the current account and the capital account must sum to zero. B) the current account will be greater than the financial market. C) the capital market will be greater than the current account. D) the capital market will equal the current account.