The role of government in fostering economic growth in DVCs has been criticized because:
A. Most governments operate as dictatorships
B. There is often poor administration and corruption in government
C. Government is generally supportive of business at the expense of labor
D. Governments have adopted the unpopular method of forced savings to stimulate investment
B. There is often poor administration and corruption in government
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The three noteworthy features of corporations’ legal status include all of these except
A. how they are taxed. B. special limits are placed on the losses that may be incurred by those who invest in corporations. C. the corporation is a distinct entity separate from its owners. D. they may invest in the stock market and acquire financing.
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.
According to the law of demand, as prices rise, ceteris paribus
A. demand increases. B. demand decreases. C. quantity demanded increases. D. quantity demanded decreases.
Refer to the information provided in Figure 2.1 below for the economy of Macroland to answer the question(s) that follow.
Figure 2.1Refer to Figure 2.1. Macroland is currently operating at Point A. The best explanation for this is that
A. the economy has very few resources. B. the economy's resources are being used inefficiently. C. the economy operates as an efficient market. D. the economy has very poor technology.