For most developing countries
A) productivity is high among domestic workers.
B) population growth and illiteracy rates are low.
C) saving and investment levels are high.
D) agricultural goods and raw materials constitute a high proportion of domestic output.
E) pollution emissions are relatively low.
D
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Which of the following is an example of a surplus item on the balance of payments?
A) private gifts to foreign residents B) public gifts to foreign residents C) interest receipts from foreign residents D) purchases of gold from foreign residents
The government finances Social Security through
A) excise taxes. B) payroll taxes. C) the sale of goods and services. D) state taxes.
The money supply is very sensitive to changes in the rate of interest
a. True b. False Indicate whether the statement is true or false
Causes of market failure include
a. externalities and market power. b. market power and incorrect forecasts of consumer demand. c. externalities and foreign competition. d. incorrect forecasts of consumer demand and foreign competition.