Which of the following is an example of an effort to decrease physical capital differences between an advanced and a developing economy?
A) American troops build roads in Afghanistan.
B) Through World Vision, women and children in Africa receive education.
C) Peace Corps volunteers teach English around the world.
D) Creating Hope International trains women in Afghanistan to become tailors.
E) Habitat for Humanity builds houses for low income families in the United States.
A
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Characterizing a market involves
a. counting the number of demanders and measuring their quantity demanded b. counting the number of suppliers and measuring their costs c. equating the number of suppliers and the number of demanders d. deciding which market best suits the problem being analyzed e. deciding how to increase the degree of competition
If M = $1,200 billion and V = 4, then total spending is _______________billion. Then velocity falls to 2 and M rises to $2,000 billion, so that total spending is now _______________ billion, and GDP has _________________
A) $4,800; $4,000; declined B) $300; $1,000; risen C) $4,800; $4,000; risen D) $1,204; $2,002; risen
Market-based regulations tend to work best with pollutants that
a. Are non-uniformly mixed and local in effect b. Have threshold effects c. Are uniformly mixed and regional in effect d. Cause non-point source pollution e. Have non-linear and local effects
Government failure occurs when government intervention fails to improve economic outcomes or makes them worse.
Answer the following statement true (T) or false (F)