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lacerna92 lacerna92
wrote...
6 years ago
If foreign firms send profits back to their industrial countries from the developing countries, developing countries will have a larger deficit on their balance of payments accounts.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

An example of a positive externality is:
 a. freeway congestion.
 b. pollution in a resort lake.
 c. airport noise.
 d. beautiful trees on property along a parkway.

Question 3

When the short run aggregate supply curve shifts left, it ___ the short-run Phillips curve.
 a. Moves the economy up along
 b. Moves the economy down along
 c. Shifts right
 d. Shifts left

Question 4

The total social costs of production are:
 a. private costs plus private benefits.
  b. private benefits minus private costs.
  c. private costs plus external costs.
 d. private costs minus external costs.

Question 5

Mexico and India have a fairly large number of engineers and technical personnel, which means that new technology can be adapted relatively quickly.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 6

When the short run aggregate supply curve shifts right, it ___ the short-run Phillips curve.
 a. Moves the economy up along
 b. Moves the economy down along
 c. Shifts right
 d. Shifts left

Question 7

In the 1990s, foreign direct investment had become the most important source of funds for developing countries.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 8

Private costs are those borne by:
 a. the government.
 b. the producer of an item.
 c. both an item's producer and outside parties affected by a negative externality.
  d. outside parties affected by a negative externality.

Question 9

The short-run Phillips curve could shift to the left as a result of either ____ or ____.
 a. rising oil prices; increasing inflation expectations
  b. rising wages; falling prices
 c. declining oil prices; falling inflation expectations
  d. falling wages; rising prices

Question 10

Foreign direct investment includes portfolio investment.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 11

Increase in the number of transactors makes it difficult to negotiate private agreements for environmental goods.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 12

Which of the following is true?
 a. Inflation and unemployment rates can both decrease in the short run in response to negative supply shocks.
  b. Inflation and unemployment rates cannot both increase or both decrease in the short run in response to changes in aggregate demand.
  c. Inflation and unemployment rates can both increase in the short run in response to positive supply shocks.
  d. All of the above are true.

Question 13

Statistics show that countries with the lowest rates of economic growth have a strong outward-oriented development strategy.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 14

The Coase theorem implies that an efficient solution is possible only if property rights are well-defined and transactions costs are low.
 a. True
  b. False
  Indicate whether the statement is true or false
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syd_dawssyd_daws
wrote...
Posts: 329
Rep: 2 0
6 years ago
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wrote...

6 years ago
Good timing, thanks!
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Yesterday
Correct Slight Smile TY
wrote...

2 hours ago
Brilliant
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