Which of the following statements is true?
a. There is no single correct strategy for economic growth and development.
b. In general, GDP per capita is highly correlated with alternative quality of life measures.
c. The World Bank is affiliated with the United Nations and makes long-term low-interest loans to LDCs.
d. All of these.
d
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Which of the following will most likely qualify for unemployment compensation benefits?
a. A new college graduate who cannot find work despite a desperate job search b. An unemployed coal miner who has been receiving benefits for the past six months c. A former retail clerk who quit her job because the boss was too demanding d. A spot welder who has just gotten his first "pink slip" in the mail after ten years of continuous employment e. An accountant who was fired from his last position for drinking alcohol on the job
Suppose the state of Illinois passes a law that bans smoking in restaurants. As a result, residents of Wisconsin who do not like breathing second-hand smoke begin driving across the border to Illinois to eat at restaurants there. Which of the following principles does this best illustrate?
a. People respond to incentives b. Rational people think at the margin c. Trade can make everyone better off d. Markets are usually a good way to organize economic activity