Explain the "vicious-circle-of-poverty" hypothesis
What will be an ideal response?
Suggests that poverty is self-perpetuating because poor nations are unable to save and invest enough to accumulate the capital stock that would help them grow.
Economics
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What effect does a depreciation of the dollar have on real GDP in the United States in the short run?
A) Real GDP will be unaffected by the depreciation of the dollar. B) Real GDP will rise. C) Real GDP will be unchanged, but nominal GDP will rise. D) Real GDP will fall.
Economics
In an attempt to restrict imports into a country, using a tariff is likely to be less costly to the country than using a voluntary export restraint.
Answer the following statement true (T) or false (F)
Economics