Foreign aid to a poor country might
A) improve its long run economic growth prospects.
B) interfere with its domestic affairs.
C) be allocated to useless projects and thereby reduce its growth rate.
D) be used to keep its ruling party in power rather than spur economic growth.
E) do any of the above.
E
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When a regulator allows a monopolist to set its price equal to long-run average cost, the regulator is practicing
A) marginal cost pricing. B) operating cost pricing. C) average cost pricing. D) optimal cost pricing.
Refer to the above figure. Total cost for this firm equals
A) P2. B) P3. C) 0P2bQ1. D) 0P3cQ1.
The short-run Phillips curve always intersects the long-run Phillips curve at: a. Zero inflation
b. At an accelerating inflation rate. c. The expected inflation rate. d. The same rate over time.
Who is not included in the labor force by the Bureau of Labor Statistics?
a. Anita, who is on temporary layoff b. Lauren, who has retired and is not looking for work c. Raymond, who does not have a job but has applied for several in the last week d. None of the above is correct.