List six essential ingredients for economic growth
What will be an ideal response?
1. Honesty and the rule of law that encourages honesty
2. Competition and international trade
3. Well-defined and enforced property rights
4. An expanding stock of physical capital
5. Investment in human capital
6. Political stability
Economics
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Parallel markets is another term for:
a. government interventions. b. interbank trades. c. black markets. d. trade in goods and in services
Economics
The U.S. dollar exchange rate describes the
a. the deficit/surplus situation in the balance of payments. b. the price of a foreign currency in terms of dollars. c. the deficit/surplus situation in the merchandise trade balance. d. future changes in foreign balance of payments. e. none of the above.
Economics