To encourage economic development a country should do all of the following except
What will be an ideal response?
limit the amount of imports allowed in to the country.
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The instant runoff voting method is also known as a single transferrable vote system
Indicate whether the statement is true or false
Demand-pull inflation and cost-push inflation are both characterized by higher levels of unemployment
Indicate whether the statement is true or false
Does low human capital cause poverty or does poverty cause low human capital?
A. The causality works both ways. B. Poverty causes low human capital, not the other way around. C. There is no causal link between low human capital and poverty. D. Low human capital causes poverty, not the other way around.
The investment trade-off:
A. defines the opportunity cost of capital investment. B. is why countries don't devote all their resources to capital investment. C. is a reduction in current consumption to pay for the investment in capital intended to increase future production. D. All of these are true.