In recent years, many DVCs have come to realize that:
A. Expanded international trade is harmful to DVCs
B. Private capital investment is essential for economic growth in DVCs
C. The International Monetary Fund is the major institutional barrier to economic growth
D. Government involvement in economic development is the only avenue for economic growth
B. Private capital investment is essential for economic growth in DVCs
You might also like to view...
Explain and show graphically the effect of an increase in the expected future exchange rate on the equilibrium exchange rate, everything else held constant
What will be an ideal response?
Firms that sell information products experience relatively high fixed costs but, once they have produced the first unit, can
A) sell additional units at a loss, or above cost. B) provide expensive information products to consumers. C) sell additional units at a relatively low cost per unit. D) experience short-run diseconomies of scale.
Technically speaking, in what year did the “Great Recession” end?
A. 1933 B. 1935 C. 2007 D. 2009 E. It had not ended as of 2011.
Which of the following statements is true of the economy in the long run? In the long run,
1. real GDP eventually moves to potential because all wages and prices are assumed to be flexible. 2. the economy can achieve its natural level of employment and potential output at any price level. 3. there is no cyclical unemployment. A. I only B. I and II only C. I and III only D. I, II, and III