Foreign aid to the DVCs has been criticized:
A. because it may generate economic dependence on the IACs.
B. because it encourages the centralization of government power over the economy.
C. because government corruption in the DVCs causes aid to be misused.
D. for all of these reasons.
D. for all of these reasons.
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As more people started building houses in your community, more street lights were installed in your locality making it safer and easier to drive through. This is an example of a(n) ________
A) pecuniary externality B) network externality C) moral hazard D) adverse selection
In 1870, the wealthiest fifth of the Southern population:
a. owned about 25 percent of the land. b. had lost most of their land through post-War land reforms. c. owned about the same portion of the land as they had owned before the War. d. generally chose to reduce their investments in land and increase their investments in other assets.
A decrease in the unemployment rate will shift an economy's production possibilities curve outward
a. True b. False Indicate whether the statement is true or false
If the percentage change in quantity demanded divided by the percentage change in price equals 1, then
a. supply is inelastic b. supply is elastic c. demand is elastic d. demand is inelastic e. demand is unit elastic