The unbalanced development strategy for economic development requires little government intervention
Indicate whether the statement is true or false
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Which of the following describes a situation in which a good or service is produced at the lowest possible cost?
A) marginal efficiency B) productive efficiency C) allocative efficiency D) profit maximization
A default in the past makes it much more likely that a government will default again, even if the current government is a new regime with every intention of honoring its debts. Why might that be?
What will be an ideal response?
The fixed cost curve:
A. is steep when output levels are low, then flattens as output increases. B. is flatter when output levels are low, then gets steeper as output increases. C. is a constant, flat line. D. is a constant, vertical line.
When marginal utility of consuming a good is zero, total utility is:
A. zero. B. decreasing. C. increasing. D. at its maximum.