What is (are) the key characteristic(s) of the agrarian system in Sub-Saharan Africa?
What will be an ideal response?
Lack of complementary inputs (mechanical power, irrigation, tools, seeds, fertilizer), shifting cultivation, labor scarcity during the harvesting season while surplus labor during the rest of the year, rights of the extended family to land and water.
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Other things being equal, an increase in U.S. interest rates would be likely to cause an increase in the capital account surplus or a decrease in the capital account deficit
a. True b. False Indicate whether the statement is true or false
Globalization had to be put into effect to revive developed economies after the financial crises of the 1990s
a. True b. False Indicate whether the statement is true or false
?19742015Minimum wage per hour$ 2.00$ 7.25Weekly income from minimum wage$80.00$290.00Cost of a standard basket of goods$47.00$236Number of baskets per week1.701.23
Use Table 2.5 above to answer the question. Comparing the minimum wages between 1974 and 2015 addresses the economic concept of:
A. the marginal principle. B. the principle of voluntary exchange. C. the principle of diminishing returns. D. the real-nominal principle.
When a U.S. company purchases a factory in Singapore, this will be a:
A. Credit on the current account of the U.S. balance of payments B. Debit on the current account of the U.S. balance of payments C. Credit on the financial account of the U.S. balance of payments D. Debit on the financial account of the U.S. balance of payments