Scarce government resources in developing countries would be best spent on

a. circulating basic health information
b. modern medical equipment
c. medical schools
d. health care insurance
e. none of the above


A

Economics

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Activists of the policies believe that

A) the self-correcting mechanism through wage and price adjustment is very slow. B) wages and prices are sticky. C) the government needs to pursue active policy to eliminate high unemployment when it develops. D) all of the above.

Economics

The key reason that the Soviet Union failed to develop new ways to make the economy efficient and was therefore not able to sustain economic growth was due to

A) the Soviet Union relying on entrepreneurs to develop new production technologies. B) the typical behaviors of managers and employees in a centrally planned economy. C) the failed attempt to convert to a market-based economy. D) the Soviet Union's lack of accumulating capital goods.

Economics

You are given the following straight-line trend equation: Sales = 1,275 + 89.3t, where 1990 represents t = 1. Project sales for 2000

What will be an ideal response?

Economics

After a massive promotional campaign of Justin Bieber's latest music album, the producers decided to raise the prices on the album. This implies that the producers expect the promotion to have made the demand for the album

a. More elastic b. Unitary elastic c. Perfectly elastic d. More inelastic

Economics