The unbalanced development strategy for economic development requires little government intervention

Indicate whether the statement is true or false


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Economics

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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

Economics

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?

Economics

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.

Economics

When marginal utility of consuming a good is zero, total utility is:

A. zero. B. decreasing. C. increasing. D. at its maximum.

Economics