All of the following are ways in which government can promote economic development except
a. encouraging foreign direct investment
b. nationalizing industries to create efficiency
c. encouraging competition
d. providing an infrastructure
e. promoting saving and investment
B
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Using Scenario 1 what would happen to your budget constraint if suddenly you discovered an extra 10 hours in your schedule that you could use to study
What would happen to the slope of the budget constraint? What would happen to the positioning of the budget constraint?
Under what circumstances would the GDP deflator be less than 100 after the base year?
A) The GDP deflator will be less than 100 if there has been deflation relative to the base year. B) There are no circumstances under which the GDP deflator could be less than 100. C) The GDP deflator will be less than 100 if there has been inflation relative to the base year. D) The GDP deflator will be less than 100 if there has been inflation of less than 2% per year relative to the base year.