Successful foreign aid programs:
A. enhance a DVC's resources and therefore shift its production possibilities curve to the left.
B. enhance a DVC's resources and therefore shift its production possibilities curve to the
right.
C. move the DVC from a high-investment-low-consumption position to a low-investment-high-
consumption position on its stable production possibilities curve.
D. cause a DVC's exchange rate to depreciate.
B. enhance a DVC's resources and therefore shift its production possibilities curve to the
right.
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The basic cause of deadweight losses from the existence of common resources and externalities is
A) the use of a market system to deal with scarcity. B) the self-interested rationality of human beings. C) the absence of government intervention. D) a lack of clearly defined and enforceable property rights.
For this utility function, the MRS:
a. depends on the values of x and y. b. is always 0. c. is always 2. d. is always 4.