Which of the following would be most likely to improve the standard of living of a less-developed country?
a. development of strong labor unions.
b. more foreign investment, attracted by the expectation of economic and political stability.
c. adoption of trade barriers (higher tariffs and quotas).
d. widespread use of price controls to allocate goods and resources.
B
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Which of the following is an example of a product that is nonexcludable and rival?
A) a motorcycle B) the court system C) Western lowland gorillas D) a NASCAR event
The ________ the returns on two securities move together, the ________ benefit there is from diversification
A) less; more B) less; less C) more; more D) more; greater
The supply of bonds to the bond market
a. is positively related to the demand for stocks b. is inversely related to the interest rate c. is positively related to income d. is positively related to the demand for bonds e. only changes if new bonds are issued
The primary function of the SNAP program has been to provide subsidies for grocery purchases for low-income families.
Answer the following statement true (T) or false (F)