Economic growth in Latin America between 1960 and 2011 is best summarized as
A) a remarkable success.
B) an abject failure.
C) a mixed record.
D) a noteworthy attempt.
C
You might also like to view...
The rutabaga market is perfectly competitive and the price of a ton of rutabagas rises. As a result, Rudy, a rutabaga farmer, will
A) decrease his output of rutabagas. B) not change his output of rutabagas because Rudy's firm is a price taker. C) increase his output of rutabagas. D) at first decrease and then increase his output of rutabagas. E) probably change his output of rutabagas, but more information is needed about the change in the marginal revenue of a ton of rutabagas.
How does the concept of utility of wealth capture the idea that pain of loss exceeds the pleasure of gain?
What will be an ideal response?
Crowding out refers to the effect that:
A. C and I are indirectly affected by changes in G. B. C is directly affected by changes in G. C. C and I are directly affected by changes in G. D. C and I are completely unrelated to changes in G.
If firms in a monopolistically competitive industry experience short-run losses
A. firms increase prices further, until they make at least a normal return. B. some firms exit the industry, causing the demand curves for the remaining firms to shift to the right until they earn a normal profit. C. some firms would like to exit the industry but find they cannot. D. firms increase advertising spending to increase demand, until they make at least a normal return.