A good generalization about developing countries is
a. savings rates are low
b. investment rates are low
c. exports are mostly food and raw materials
d. population growth rates are high
e. none of the above
E
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Workers who are unemployed but are not actively looking for jobs are referred to as:
A) laid back workers. B) laid off workers. C) discouraged workers. D) abandoned workers.
When the U.S. capital and financial account shows a positive balance, that is an indication of
A) the United States acquiring more foreign reserves. B) the value of U.S. exports of capital goods exceeding the value of U.S. imports of capital goods. C) foreigners investing more in the United States than the United States is investing abroad. D) U.S. industries becoming more competitive. E) the value of all U.S. exports exceeding the value of all U.S. imports.