According to empirical evidence
A) providing international aid to developing nations stimulates economic growth.
B) providing international aid to developing nations does not have a positive effect on economic growth.
C) international trade stimulates economic growth in richer nations, but actually slows economic growth in developing economies.
D) international trade stimulates economic growth in developing economies, but actually slows economic growth in richer nations.
B
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Referring to Figure 19.1, the dollar is likely to depreciate if the exchange rate is either ________ or ________ pesos to the dollar
A) 10; 11 B) 11; 12 C) 12; 13 D) 13; 14
Some contend that the outcome of any free market is ultimately inequitable because
A. some people become rich while others remain very poor. B. public goods will be underprovided by the government. C. periods of unemployment and inflation still occur. D. firms are not forced to take external costs into account.