Which of the following can act as a substitute for information?
a. Social networking
b. Knowledge gathered through past experience
c. Ability to postpone a choice
d. Forecasts and predictions
C
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Although Progresa/Oportunidades has been successful in Mexico, why might a similar program not work elsewhere?
What will be an ideal response?
If the rate of technical progress decreases, then the growth
a. of the labor force will decrease. b. of the capital stock will decrease. c. rate of potential GDP will decrease. d. rate of unemployment will decrease.
The WTO functions as:
A. The enforcer of trade rules for the world. B. An international informant on terrorism. C. An international weapons inspector. D. The international authority on currency exchange.
If the dollar were to increase relative to the currencies of our major trading partners, our trade deficit would tend to ______________.
Fill in the blank(s) with the appropriate word(s).