Small areas within which especially favorable investment and trading conditions are created by governments in order to attract export-oriented industries.
a. export-processing zones
b. maquiladoras
c. back offices
d. export oriented ancillary services export zones
Ans: a. export-processing zones
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One of the earliest practitioners of an infant industry policy was
a. Brazil b. Ghana c. India d. The United States e. none of the above
The application of rational expectations to the permanent-income hypothesis implies that information contained in
A) only past income levels will determine permanent income. B) only past income levels will determine transitory income. C) only new changes in income that are unanticipated can change permanent income. D) only new changes in income that are anticipated can change permanent income.
Your mother tells you, "Watching ten hours of TV per day will make you stupid." This is a positive statement because: a. your mother says it with a positive tone in her voice. b. it is your mother's opinion
c. it is a proposition that can be tested. d. your mother is only thinking of your best interest.
The maximum welfare benefit levels in most states
A. by law are 1.5 times the poverty income threshold. B. by law must equal the poverty income threshold. C. are significantly above the poverty income threshold. D. are significantly below the poverty income threshold.