Refer to the graphs. An increase in an economy's labor productivity would shift curve:
A. AB to CD and shift curve Y to X.
B. CD to AB and shift curve X to Y.
C. AB to CD and shift curve X to Y.
D. X to Y while leaving curve AB in place.
C. AB to CD and shift curve X to Y.
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Refer to Figure 22-4. Many countries in Africa strongly discouraged and prohibited foreign direct investment in the 1950s and 1960s. By doing so, these countries were essentially preventing a moment from
A) E to B. B) D to B. C) A to E. D) B to A.
In an article, "Preparing for the Next Black Swan" (Wall Street Journal, Aug 21, 2010), the point is made that diversification may be insufficient in protecting one's portfolio during a "Black Swan" event. Why may this be true?
A) virtually all asset classes may decline at the same time B) investors may be unable to buy different assets during a "Black Swan" event C) some assets may rise while others decline during a "Black Swan" event D) Black Swan events are surprises and thus one cannot prepare for such an event.