List the three major human resource problems in developing nations.
What will be an ideal response?
They have large populations relative to their national incomes. Unemployment and underemployment is widespread. The productivity of the labor force is low.
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A majority of international transactions involve the buying and selling of _____
a. bank deposits denominated in foreign currency b. currency notes c. traveler's checks d. stocks denominated in domestic currency e. bills of exchange
The income elasticity for most foods is positive but less than 1
Indicate whether the statement is true or false
Price elasticity of demand is lower for goods with few close substitutes.
Answer the following statement true (T) or false (F)
Which of the following has been found to be most effective in improving the quality of education?
A. Forcing students to study longer at home B. Distributing textbooks C. Providing parents with information about the quality of the children's schools D. Training women in the community to offer supplemental lessons