The unbalanced development strategy is preferred by many economists because
a. it relies on the vast resources of government rather than on the unreliable promises of private investment
b. it creates a dynamic chain reaction of economic development
c. it promotes economic dualism
d. it overcomes the obstacles created by forward and backward linkages
e. it favors demand-induced investments over supply-induced investments
B
You might also like to view...
In case of a linear negatively sloped demand curve, the price elasticity of demand:
A) is zero between any two points on the curve. B) is the same between any two points on the curve. C) is different at different points on the curve. D) is equal to the slope between different points on the demand curve.
With debt financing
A) moral hazard problems are eliminated. B) moral hazard problems are reduced but not eliminated. C) adverse selection problems are eliminated. D) firms reduce the risk that they will become bankrupt during a recession.
The characteristic of limited liability enables corporations to
A) avoid taxes on some of their profits. B) exist even when owners die. C) raise large amounts of financial capital. D) start up and dissolve easily.
The tax brackets in a particular year are 10% on earnings up to $35,000, 20% on earnings from $35,001 to $75,000, 30% on earnings from $75,001 to $150,000, and 33% on earnings over $150,000. If Professor Schmidt earns $125,000, what is her marginal tax rate?
a. 10% b. 27% c. 30% d. 60%