What has happened to countries that did not participate in the globalization of the world economy?
a. The fraction of the population living below the poverty line in these countries has decreased.
b. These countries have been mired in a low-growth path and are experiencing high poverty rates.
c. The socialist policies in these countries have caused a big change in the income distribution, something that globalization could not have achieved.
d. The growth rate of these countries is stronger than the First World countries.
e. The domestic industries in these countries have experienced robust growth.
b
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Most economists agree that the measured unemployment rate tends to ________ the unemployment problem
A) overstate B) understate C) accurately represent D) There is little agreement among economists regarding this issue.
When the balance of trade is in balance, we know with certainty that
A) the value of all debit transactions equals the value of all credit transactions. B) the value of exports of goods equals the value of imports of goods. C) the value of capital exports equals the value of capital imports. D) the value of exports of goods and services equals the value of imports of goods and services.