Some economists warn that "prices aren't everything" in considering agricultural policy. What other issues may slow development, even if prices are "right"?
What will be an ideal response?
Students can address such issues as infrastructure, agricultural research, and marketing and financial institutions.
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Infeasible GLS
A) requires too much memory even for today's PCs. B) uses complicated interative techniques. C) cannot be calculated since it also uses quasi differences for Xt. D) assumes the parameters of the error autocorrelation process to be known.
Which of the following is a defining feature of a multinational firm?
a. It exports goods and services to foreign nations. b. It develops joint ventures with foreign firms. c. It owns and operates production facilities in more than one country. d. It employs agents in various countries to sell their products abroad. e. It holds patents on its products and services.
Real estate is defined as land and its permanent improvements. Which of the following is an example of an improvement to the land?
A. Fence B. Building C. Sewer system D. Personal property
Why is the government budget constraint different between the short run and the long run?
What will be an ideal response?