Developing countries with large informal sectors tend to have firms that invest less in capital equipment
Indicate whether the statement is true or false
TRUE
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In 2009, Germany's capital account was -$135 million. This implies that
A) Germany invested more in other countries than those countries invested in Germany. B) Germany's currency must have appreciated during 2009. C) Germany imported more goods from its trading partners than it exported. D) Germany's official settlements account in 2009 must have been positive.
In the above figure, Reggie's budget line rotates outward from BL1 to BL2. He initially consumes at point A. If his new consumption bundle is at point C, this implies that his demand curve for kiwi fruit
A) has shifted. B) is a vertical line. C) slopes downward. D) is a horizontal line.
A potential problem arises in principal-agent relationships
a. because the agents and the principals have identical goals b. because the principals may want to minimize his profits, while the agent may want to maximize them c. because the agents may have different goals from the principals d. the goals of principals and agents are irrelevant
If individuals were paid for their household production, GDP would: a. increase
b. not change, but GNP would increase. c. decrease. d. not change, but GNP would decrease.