To raise economic development, developing countries should
A. focus on their comparative advantage.
B. produce goods that are capital intensive and not labor intensive.
C. not focus on economic growth.
D. focus on producing service goods.
Answer: A
You might also like to view...
An increase in the price of off-road vehicles will result in
A) a decrease in the supply of off-road vehicles. B) a larger quantity of off-road vehicles supplied. C) an increase in the demand for off-road vehicles. D) a smaller quantity of off-road vehicles supplied.
The perfectly competitive firm's total revenue curve
A) is linear and upward sloping. B) has a constant slope. C) has a positive slope. D) all of the above.
For an economist, the idea of making assumptions is regarded generally as a
a. bad idea, since doing so leads to the omission of important ideas and variables from economic models. b. bad idea, since doing so invariably leads to data-collection problems. c. good idea, since doing so helps to simplify the complex world and make it easier to understand. d. good idea, since economic analysis without assumptions leads to complicated results that the general public finds hard to understand.
When the government increases its borrowing, the budget _____ increases and government debt _____. The resulting change in investment due to this increased government borrowing is called _____
Fill in the blank(s) with correct word