According to the HRV growth diagnostic framework why is there no "one size fits all" development policy?
What will be an ideal response?
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The idea that the production function exhibits _______ implies that ________
A) diminishing returns; the Lucas Wedge increases at output increases B) diminishing returns; each additional unit of labor employed generates an ever-decreasing amount of real GDP C) increasing returns; potential GDP is always increasing D) increasing returns; output should increase steadily as technology grows E) constant returns; each additional unit of labor employed generates an increasing amount of real GDP
The Law of Demand indicates that
A. there is a negative relationship between quantity demanded and price. B. there is a positive relationship between quantity demanded and price. C. there is a positive relationship between quantity demanded and quantity supplied. D. there is a negative relationship between quantity demanded and quantity supplied.
Refer to the information provided in Table 6.2 below to answer the question(s) that follow. Table 6.2Number ofCandy Bars per DayTotal UtilityMarginal Utility140?275?3100?4115?5?5Number ofHot Dogs per DayTotal UtilityMarginal Utility130?254?372?484?5?6Refer to Table 6.2. The marginal utility of the second candy bar per day is
A. 10. B. 15. C. 35. D. 55.
When an exchange rate is determined strictly by the demands and supplies for a nation's currency, it is called
a. fixed b. arbitrage c. floating d. unilateral e. balance of payments