The ________ hypothesis states that poor countries are unable to save and invest enough to accumulate capital stock that would help them grow.
A. equitable investment
B. no-country-left-behind
C. global-redevelopment
D. vicious-circle-of-poverty
Answer: D
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The natural rate hypothesis states that when the inflation rate ________, in the short run the unemployment rate ________ and in the long run the unemployment rate ________
A) falls, decreases; decreases B) rises, decreases; returns to the natural unemployment rate C) falls, increases; decreases D) falls, decreases; returns to the natural unemployment rate E) rises, decreases; decreases
What is a currency band?
a. a limit below which the currency is not allowed to fall b. a limit above which the currency is not allowed to rise c. a fixed rate regime with some small variation allowed, up or down d. a very rigid control of the currency-no variation allowed
You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost curve is C(Q) = 10 + 4Q + 0.5Q2. What level of profits will you make in the short run?
A. $40 B. $80 C. $20 D. $60
If the unemployment rate is 6.2% and the number of people employed is 200,000, the total number of people unemployed is approximately
A. 10,970 people B. 12,400 people. C. 13,220 people. D. cannot be determined from this information.