In most of the financial crises of the last decade, there were large and sudden financial outflows as both home and foreign investors tried to avoid the expected crises

President Salinas of Mexico devised a strategy to restore Mexican growth by encouraging

A) large inflows of foreign capital. B) large increases in domestic savings. C) an expansion of import substitution industrialization policies. D) more government ownership of industrial firms.

In comparing a job that requires a high level of skill to one for a job that requires a low skill level, the high-skill job

a. will always command a higher wage than the low-skill job b. can command a higher wage only if there is sufficient demand for the output produced by the job c. will command a higher wage whenever the nonmonetary characteristics of the two jobs are equivalent d. will command a higher wage whenever there is a relatively low supply of labor with the required skill level e. will command a higher wage whenever the two labor markets are perfectly competitive