One possible reason that the country of Whatsis is trapped in poverty is
a. a lack of mineral wealth
b. an honest and functional government
c. laws and regulations to help detect fiscal fraud
d. a free press
e. a civil war
E
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When tastes are risk averse, an individual will always choose less risk over more risk.
Answer the following statement true (T) or false (F)
Member banks of the Federal Reserve System
a. advise the Fed on monetary policy. b. are immune from the effects of monetary policy. c. vote on members of the Board of Governors. d. have little control over the system they "own."
Assume that foreign capital flows from a nation increase due to political uncertainly and increased risk. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and real GDP in the context of the Three-Sector-Model? a. The real risk-free interest rate rises and real GDP falls
b. The real risk-free interest rate falls and real GDP rises. c. The real risk-free interest rate rises and real GDP remains the same. d. The real risk-free interest rate and real GDP remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Many of the states that expanded Medicaid coverage to meet the criteria of the Affordable Care Act did not expect:
a. Congress to change the federal matching assistance percentage on new enrollees who were eligible under previous standards but had not enrolled. b. the large interstate migration of new enrollees from non-expansion states. c. the large increase in the number of new enrollees already eligible under previous standards. d. the increase in the number of physicians willing to accept new Medicaid patients.