To solve their basic long-term economic problems, developing countries primarily need
a. food.
b. clothing.
c. technical assistance.
d. shelter.
c. technical assistance.
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Globalization ________ the wages of workers in the exporting industries and ________ the wages of workers in the import-competing industries.
A. raises; raises B. lowers; raises C. raises; lowers D. raises; does not change
If government saving is negative (that is, if government is running a budget deficit), crowding out may occur. Crowding out could lead to all of the following EXCEPT
A) higher interest rate. B) decreased private saving. C) decreased quantity of investment. D) a smaller capital stock in the future.
A trade-off occurs when some quantity of production or consumption of a good or service is given up in order to produce or consume another good or service.
a. true b. false
The supply curve for a monopolist is the upsloping portion of the marginal cost curve that lies above the average variable cost curve.
Answer the following statement true (T) or false (F)