Rapid population growth can be an obstacle to economic development:
A. because it can translate a relatively large increase in real output into a small increase in
real output per capita.
B. because more investment will be required to simply maintain the quantity of capital goods
per person.
C. because it may lead to the overutilization and therefore ecological degradation of farmland.
D. for all of these reasons.
D. for all of these reasons.
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The International Monetary Fund (IMF) was created to achieve each of the following goals EXCEPT
A) to help finance economic development in poor countries. B) to lend funds to countries having difficulties meeting their international payment obligations. C) to encourage convertibility of member countries' currencies. D) to supervise exchange-rate practices of member countries.
Congressman Gallstone seeks support from his colleagues for a bill he sponsors that will establish a new national park in his district
He offers to support Congresswoman Disrail's proposal to build a new library in her district in exchange for her vote for his national park bill. This is an example of A) government failure. B) regulatory capture. C) rational ignorance. D) logrolling.
The demand for foreign currency in the United States
a. increases as the level of imports increases b. increases as the level of exports increases c. decreases with the lowering of the inflation rate abroad d. decreases as foreign interest rates rise e. is unaffected by U.S. demand for goods and services abroad
If a Mexican pension fund decides to purchase U.S. government bonds, what is the effect in the foreign exchange market?
a. It will increase demand for U.S. dollars. b. It will decrease demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.