Answer the following statement(s) true (T) or false (F)
1. Inequality is higher in middle-income countries like Mexico even though absolute poverty is quite low there.
2. Most of Nigeria’s economic policy is focused on oil revenue.
3. Postmodern theories argue that they very idea of development is an effort by wealthy countries to control the Global South.
4. Comparative advantage holds that well-being will be maximized if each country uses its resources to produce whatever it can produce relatively efficiently compared with other countries.
5. According to ISI, by increasing the number of imported manufactured products, postcolonial governments can encourage domestic and international investment in new industries.
1. True
2. True
3. True
4. True
5. False
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The state of Texas was ravaged by a hurricane during Governor Stone's tenure. To alleviate the ground situation and help stranded citizens, Governor Stone deployed the National Guard
Exercising his right to deploy the National Guard was an example of which of the following powers of the governor? a. appointment power b. judicial power c. legislative power d. military powers
Overreliance on tariffs could result in:
A. A devaluation of domestic currency B. Retaliation by other countries C. Greater trade between countries D. Greater need for foreign aid E. Inflation