The Millennium Development Goals indicate that
a. extreme poverty can only be eliminated by introducing democratic norms.
b. the alleviation of extreme poverty is a moral responsibility that cannot be ignored.
c. foreign direct investment actually ends up increasing global poverty.
d. there is little evidence that institutionalized programs reduce global poverty.
b. the alleviation of extreme poverty is a moral responsibility that cannot be ignored.
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Assume that the marginal propensity to consume equals 0.8, the income tax rate equals 0.3, and the marginal propensity to import equals 0.2. The marginal leakage rate is ________ and the size of the multiplier is ________
A) 0.70; 3.33 B) 0.60; 2.5 C) 0.64; 1.56 D) 0.50; 2.0
Government regulations that set an environmental goal and dictate how the goal will be achieved are called:
A. effluent-offset regulations. B. incentive-based regulations. C. Coasian regulations. D. command-and-control-regulations.
If a Cournot duopolist announced that it will double its output, the other firm does not view the announcement as credible because
A) the announcing firm's profits will fall if it carries out the threat. B) the other firm's profits will fall if the announcing firm carries out the threat. C) the other firm's profits will rise if the announcing firm carries out the threat. D) the other firm will double output also.
Refer to the information provided in Table 33.1 below to answer the question(s) that follow. Table 33.1
Refer to Table 33.1. In Mexico, the opportunity cost of 1 bushel of bananas is
A. 1/2 bushel of oranges. B. 1 bushel of oranges. C. 2 bushels of oranges. D. 5 bushels of oranges.