In general but not always, economic growth:
A. causes economic development, but development does not cause growth.
B. does not cause economic development, but development causes growth.
C. does not cause economic development, and development does not cause growth.
D. causes economic development, and development causes growth.
D. causes economic development, and development causes growth.
You might also like to view...
Which of the following formulas is not correct?
a. ATC = AVC + (TFC/Q) b. TVC = TC/Q c. TC = TFC + TVC d. AFC = TFC/Q e. TVC = AVC ? Q
A rise in net exports shifts the aggregate
a. demand curve inward. b. demand curve outward. c. supply curve outward. d. supply curve inward.
Both external and internal factors affect the operation of a multinational enterprise (MNE). External factors are outside the immediate control of the firm while internal factors are within the control of the firm. Give examples for both and discuss how they would affect the operations of the MNE.
What will be an ideal response?
Refer to Figure 26-7. Suppose the economy is in a recession and no policy is pursued. Using the static AD-AS model in the figure above, this situation would be depicted as a movement from
A) B to A. B) C to D. C) A to B. D) C to B. E) A to E.