Some of the ways that industrially advanced countries (IACs) can help developing countries (DVCs) in achieving faster economic growth include the following, except:
A. Expanding trade
B. Admitting in more temporary workers
C. Subsidizing their own agricultural sectors
D. Discouraging arms sales
C. Subsidizing their own agricultural sectors
Economics
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If a production possibilities curve were bowed in or convex to the origin of a graph, it would demonstrate:
A) increasing opportunity cost. B) decreasing opportunity cost. C) constant opportunity cost. D) fluctuating opportunity cost.
Economics
When an individual weighs her options and makes a choice that maximizes her benefit at the minimum cost, economists refer to this as a process of
a. rational decision making. b. objective decision making because the value of goods is determined objectively. c. marginal management analysis. d. random decision making.
Economics