What are some of the differences between the population policies of China and India? What factors may have contributed to their success or failure?
What will be an ideal response?
The case study provides some clues to the answer. This may be a nice question for students to reflect on the interplay between politics and economics. Efforts in India, a functioning democracy (despite the authoritarian tendencies of Mrs. Ghandi), has meant that population control have come up against resistance. On the other hand, China's ability, inherent in its political system, to enforce birth control policies has meant it has been more successful.
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Inflation targeting alleviates the problem of
a. money multiplier instability that makes money targeting difficult. b. time inconsistency. c. a lack of credibility in monetary policy. d. both b and c. e. all of the above.
Price ceilings are imposed if the government believes
a. the market fails to create an equilibrium price b. the equilibrium price is too low c. an excess supply of the good exists or will result in the near future d. the equilibrium price is too high e. quantity demanded is less than quantity supplied