The reform movements that began in many Latin American economies in the late 1980s favored
A) competitive devaluations.
B) stronger military budgets.
C) imports substitution policies.
D) a stronger role for markets and more openness.
D
You might also like to view...
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
If $1000 was deposited in a bank and the reserve requirement is 0.20, how much is available for loans?
A) $900 B) $910 C) $800 D) $930
Cournot and Stackelberg oligopolies are similar in that they ________.
A) both compete on price B) both compete on marginal cost C) do not compete D) both compete on quantity
If the marginal revenue product of an input exceeds the marginal factor cost of the input, the firm
A) should hire less of the input. B) is maximizing profit. C) is not on its marginal cost curve. D) should increase its use of the input.