A general-equilibrium analysis of a price change in the corn chip market would include an investigation of the impacts in
A) the television market.
B) the coffee market.
C) the salsa market.
D) All of the above.
C
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If you were a UN advisor to Sri Lanka and recommended the unbalanced development strategy, you would suggest
a. from beginning to end, massive government planning, financing, and administering the development process, similar to the big-push strategy b. initial private investment because it is no real cost to the government but later rely on government's forward and backward linkages c. initial UN aid in infrastructure but otherwise leaving the development process to government planning and financing d. massive investment by the United Nations e. initial government investment in infrastructure but otherwise leaving the development process to private sector entrepreneurs
In making the case against government, discuss the two main points about special interest groups
Assuming price elasticity of demand is reported as an absolute value, a good with unit elastic demand has an elasticity:
A. less than one, but greater than zero. B. greater than one. C. between zero and one. D. equal to one.
Trace the cause-effect chain that results from an expansionary monetary policy.
What will be an ideal response?