The reduction in global poverty between 1990 and 2006 is almost entirely due to the decline in poverty in India
Indicate whether the statement is true or false
F
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In the cost-benefit analysis of public goods, the benefits
A. Are more easily estimated than the costs. B. Can be only roughly estimated using highly subjective techniques. C. Can be accurately measured using the market price of the public good. D. Can be accurately measured by ballot box economics.
Crowding out will be less likely to occur if:
A. business investment depends on interest rates. B. interest rates rise when the budget deficit increases. C. interest rates fall when the budget deficit decreases. D. business investment does not depend on interest rates.
Which of the following mechanisms would not be used by a country to defend a fixed exchange rate?
A. The government can alter domestic interest rates to influence short-term international capital flows. B. The government can impose a form of exchange control. C. The government can threaten to shift to a floating exchange rate. D. The government can buy or sell foreign currency to influence the actual exchange rate.
Ted has $600 a week to spend on clothing and food. The price of clothing is $30 and the price of food is $5. What is the equation for Ted's budget constraint, assuming he spends his entire budget?
A. $30 × Clothing + $5 × Food = $600 B. $30 × Clothing + $5 × Food ? $600 C. $30 × Clothing + $5 × Food < $600 D. $30 × Clothing + $5 × Food > $600