Scarcity would cease to exist as an economic problem if:
a. we learned to cooperate and not compete with each other

A model comparing savings and foreign exchange constraints to see which is binding for economic growth is known as a

(a) project appraisal. (b) two gap model. (c) computable general equilibrium. (d) trickle down model. (e) none of the above.

A self-correcting mechanism tending to bring a country's balance of payments into equilibrium exists under __________ exchange rate systems

A) fixed and floating B) floating, but not fixed C) fixed, but not floating D) neither fixed nor floating