In developing countries, the highest returns are from investing in
A) sanitation systems. B) transportation systems.
C) defense. D) education.
D
You might also like to view...
Last year the exchange rate between U.S. dollars and Mexican pesos was 10 pesos per dollar. Today is it 11 pesos per dollar. Here, the dollar ________ against the peso, and the peso ________ against the dollar
A) appreciated; depreciated B) depreciated; appreciated C) appreciated; appreciated D) depreciated; depreciated
Assume an economy is producing only one product. Year 2 is the base year. Output and price data for a five-year period are given.YearUnits of OutputPrice Per Unit14$425537849951010Refer to the above data. Nominal GDP for year 3 is:
A. $16. B. $25. C. $81. D. $56.
Refer to the information provided in Figure 27.2 below to answer the question(s) that follow.
Figure 27.2Refer to Figure 27.2. The output multiplier is smallest when the aggregate demand curve shifts from
A. AD1 to AD2. B. AD3 to AD4. C. AD5 to AD6. D. The output multiplier is the same for all AD curve shifts shown in the figure.
Related to the Economics in Practice on page 214: According to the Economics in Practice, firms where managers had ________ extensive training became ________ productive than firms where managers had no training.
A. less; more B. more; more C. more; no more D. less; no less