The experience with development policy over the last several decades now allow us to
a. predict the result of any country's policies
b. establish the right mix of government and private sector
c. be more confident about what issues are important and what directions to take
d. show how one country's success can be repeated by another country
e. we have not learned any good general lessons from experience
C
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Both the World Bank and the IMF typically
A) charge lower than average loan rates to ensure repayment. B) impose stringent preconditions that the borrowers must meet. C) charge higher than average loan rates. D) make loans for less than 5 years only.
Information technologies ________ the demand for low-skilled labor, increase the ________ high-skilled labor, lower the wage rate of ________ labor, and raise the wage rate of ________ labor
A) decrease; demand for; low-skilled; high-skilled B) decrease; supply of; low-skilled; high-skilled C) do not change; supply of; high-skilled; low-skilled D) do not change; demand for; high-skilled; low-skilled
The figure above shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from S1 to S2?
A. a decrease in the price of wheat B. a subsidy for wheat production C. an increase in the price of wheat D. a tax on wheat production
Linda fishes for mahi mahi at a cost of $10 per ton, while Tessa fishes at a cost of $8 per ton. Both have one 1000 ITQ and the current market price is $13 per ton. If Linda sold her ITQ to Tessa for $3000, she and Tessa would:
A. Make the sale because they're both better off B. Not make the sale because Linda is better off and Tessa is not C. Not make the sale because Tessa is better of and Linda is not D. Not make the sale because neither is better off