Forward and backward linkages apply to which of the following development strategies?
a. big-push development
b. government sponsored development
c. direct foreign intervention
d. unbalanced development
e. balanced development
D
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If you shop for a car online and compare car prices across dealerships, money is functioning as a
A) means of payment. B) medium of exchange. C) barter mechanism. D) store of value. E) unit of account.
An individual insured against a particular cost, a. has reduced incentives to take precautions against those costs. b. may take on additional risk because he/she is insured
c. faces incentives that can result in higher insurance rates. d. All of the above are true.
Any point inside a production possibilities curve indicates that the economy is using all its available resources and technology
Indicate whether the statement is true or false
If the U.S. imposed an import quota on farm machinery, then sales of U.S. farm machinery equipment producers would
a. rise and the exports of other U.S. industries would rise. b. rise and the exports of other U.S. industries would fall. c. fall and the exports of other U.S. industries would rise. d. fall and the exports of other U.S. industries would fall.