Political instability is an obstacle to development in:
A. both market and socialist economies.
B. neither market nor socialist economies.
C. market economies.
D. socialist economies.
Answer: A
You might also like to view...
Which of the following is an assumption used when drawing a production possibilities frontier?
i. Human wants and desires are limited to what is available. ii. Only two goods are considered. iii. The level of technology is fixed and unchanging. A) i only B) ii only C) i and iii D) ii and iii E) i, ii, and iii
The term full employment implies an unemployment rate of:
a. zero b. approximately 5% c. approximately 10% d. 100%
In 2017, the poverty line for a family of four was approximately
A. $15,000 B. $25,000. C. $35,000. D. $35,000.
The primary conclusion of using inflation accounting is that inflation
A. distorts the tax system and results in slower economic growth. B. reduces the national debt to its nominal value instead of its real value. C. causes recessions and increases the structural deficit. D. distorts government budget accounting by exaggerating interest expense.