It is important to place particular stress on the role of women in rural development programs because
(a) women have received less training in the past.
(b) women perform a large majority of the work in the rural sector.
(c) women tend to allocate more resources to their children's health and education.
(d) all of the above.
D
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Whirlpool Corporation buys steel in sheets to manufacture refrigerators. Whirlpool also buys a new factory and a metal press to mold the steel. Which purchases are included in GDP?
a. the steel b. the steel, the factory, and the metal press c. the factory and the metal press d. the steel and the metal press
Which of the following statements is true of comparative advantage?
a. A nation can have a comparative advantage in the production of a good only if it has an absolute advantage in its production. b. When a nation increases production in its area of comparative advantage and trades with another nation, both nations benefit. c. When a nation produces a good at a higher opportunity cost than its trading partner, it is said to have a comparative advantage. d. A nation imports the good in which it has a comparative advantage.