Although Progresa/Oportunidades has been successful in Mexico, why might a similar program not work elsewhere?
What will be an ideal response?
This problem is designed to get students to think about how development solutions in one country cannot necessarily be duplicated and be successful in another country. Answers should discuss the financial cost of implementing a similar program as well as the other necessary actions that would have to go hand in hand with such a program, such as the building of infrastructure and national level investments in health care among other things.
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Refer to Figure 7.1. Start from initial equilibrium. If the economy experiences increased immigration, the new real wage could be ________ and the new amount of labor employed could be ________
A) X; C B) Y; A C) Z; C D) Z; A
A perfectly competitive firm's marginal cost curve above the minimum of the average variable cost curve is its:
A. short-run supply curve. B. average cost schedule. C. capacity output schedule. D. total revenue minus total cost schedule.
During a period of rapid economic expansion an economy might experience
A. increased transfer payments. B. reduced tax revenues. C. demand-pull inflation. D. low levels of employment.
Which of the following is an example of a surplus item on the balance of payments?
A. purchases of gold from foreign residents B. interest receipts from foreign residents C. private gifts to foreign residents D. public gifts to foreign residents