Over the 1980s and 1990s, countries with sound fiscal, monetary, and trade policies and strong rule of law combined with large amounts of aid:
A. grew at 1 percent, indicating the necessity of good policy in conjunction with aid.
B. still failed to grow, indicating new methods for furthering development are needed.
C. saw GDP shrink by 1 percent, indicating corruption and inefficient use of funds is rampant.
D. None of these statements is true.
A. grew at 1 percent, indicating the necessity of good policy in conjunction with aid.
You might also like to view...
This factor contributes to the winner's curse
a. your estimate of the value of the object was the most optimistic b. your bid was not the highest c. there were not many other bidders you had to beat out d. you shaded your bid too much
An increase in the stock of human capital would
a. shift the production function upward, lowering productivity and raising living standards b. shift the production function upward, raising productivity and living standards c. cause the economy to move along a fixed production function, increasing both productivity and living standards d. cause the economy to move along a fixed production function, reducing both productivity and living standards e. shift the production function downward, reducing both productivity and living standards