Studies comparing growth rates of countries practicing Import-Substituting Industrialization (ISI) with growth rates of countries using policies that emphasize expansion of exports have found
A. higher growth rates in those countries practicing ISI.
B. little difference in growth rates between the two groups of countries.
C. higher growth rates in those countries using policies that emphasize export expansion.
D. no evidence that either type of policy has been successful.
Answer: C
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During the Great Depression, real GDP decreased, unemployment soared, and the inflation rate was negative. Which would have been the appropriate federal government policy combination to improve economic performance?
A) increase government expenditure, decrease taxes, increase the quantity of money B) increase government expenditure, decrease taxes, decrease the quantity of money C) decrease government expenditure, increase taxes, decrease the quantity of money D) do not change government expenditures or taxes , increase the quantity of money E) decrease government expenditures, increase taxes, do not change the quantity of money
A commitment strategy can:
A. be used to change people's payoffs to gain cooperation. B. allow players to reach a mutually beneficial equilibrium that would otherwise be difficult to maintain. C. result in a positive-positive outcome. D. All of these statements are true.
Inefficiency is best illustrated by which of the following?
a. foregoing civilian goods in order to produce more military goods b. limiting economic growth by reducing capital spending c. high levels of unemployment of labor and other resources that could be productively employed d. producing outside the production possibilities frontier
The copyright gives its owner
A. the exclusive right to sell a work of intellectual property. B. the ability to protect its "brand" like Coca-Cola. C. (usually students) the right to make photocopies for friends. D. the exclusive right to sell an invention.