Capital flight refers to the fact that both human and financial capital
A. flow into developing countries to build much needed infrastructure.
B. leave developing countries in search of a higher rate of return.
C. flow into developing countries to invest in risk free investments.
D. leave developed countries in search of a higher rate of return.
Answer: B
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Government spending and taxation determine the position of the ________ curve and, where that curve intersects the vertical line at YN, the ________ target of monetary policy
A) IS, inflation rate B) IS, real interest rate C) LM, inflation rate D) LM, real interest rate
Suppose Andrea is taking just two courses and is at a point inside (or below) her PPF of grades for those two courses. If Andrea becomes more efficient in her study habits then it is impossible for ____________________, ceteris paribus.
Fill in the blank(s) with the appropriate word(s).
Whites receive nearly double the amount of on-the-job training as minorities
Indicate whether the statement is true or false
When a firm is experiencing economies of scale, long-run
a. average total cost is minimized. b. average total cost is greater than long-run marginal cost. c. average total cost is less than long-run marginal cost. d. marginal cost is minimized.