What do the foreign leaders investing in the industrial enclaves of developing countries of today have in common with those foreign investors who helped colonize North America?
(a) Both sets of leaders exploit the labor of the indigenous people.
(b) Both expect to make personal and business sacrifices, take on risks and gain
something of high expected value.
(c) Both are driven primarily by their desires to extract materials for high profits.
(d) Both strive to boost agricultural profits in international markets in the developing
countries in which they invest.
(b)
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The natural rate of unemployment exists when cyclical unemployment equals zero
a. True b. False Indicate whether the statement is true or false
Figure 4-3 indicates the demand (D) and supply (S) for the rental housing market in a large city. If the government imposed a price ceiling of a, which of the following would be true?
a. The quantity of rental housing demanded would be t. b. The quantity of rental housing supplied would be r. c. There would be a shortage of rental housing. d. All of the above are true.
The discovery of new natural resources will cause
A. the economy to move closer to the production possibilities curve. B. an upward movement along the curve. C. the production possibilities curve to shift up and to the right. D. the curve to shift back and to the left.
Roughly what portion of U.S. total health spending is paid for by private and public insurance?
A. One-tenth. B. One-fourth. C. Four-fifths. D. One-half.