Wealth is a flow measure.
Answer the following statement true (T) or false (F)
False
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The global financial crisis of 2007-2008 resulted in a(n) ________ of the Swiss franc as foreign currency flowed ________ the country. As result, Swiss products became ________ competitive in world markets
A) depreciation; out of; more B) depreciation; into; more C) appreciation; out of; less D) depreciation; out of; less E) appreciation; into; less
Which of the following antebellum transportation innovations was financed primarily by government funds?
a. the Erie Canal b. the New Orleans steamboat c. the Lancaster Turnpike d. the Ann McKim clipper ship
The monopoly’s ability to restrict output results in lower profits than other types of firms.
Answer the following statement true (T) or false (F)
In Sen's view, development is an economic process that should be assessed by material output measures such as GNI per capita.
a. true b. false