Lack of economic success in many African countries can be attributed to
a. excessive money supply growth
b. too-rapid market liberalization
c. weak social institutions
d. too much state control over agricultural production
e. all of the above
C
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What fraction of developing countries have recently experienced some form of significant interethnic conflict?
a. less than one-tenth b. a tenth to one-quarter c. one quarter to one half d. over one half
Which of the following is an example of an institution whose primary concern is global stability?
A) NAFTA (North American Free Trade Agreement) B) OPEC (Oil Producing and Exporting Countries) C) IMF (International Monetary Fund) D) Mekong River Commission E) Asian Development Bank
When the own price elasticity of good X is ?3.5, then total revenue can be increased by:
A. decreasing the quantity supplied. B. decreasing the price. C. increasing the price. D. neither increasing the price, decreasing the price, nor decreasing the quantity supplied.
If consumers spend 90 cents out of every extra dollar received, the
A. Multiplier is 0.90. B. Multiplier is 9. C. MPS is 0.90. D. MPC is 0.90.