One problem of ISI was
A) the failure to consider that government officials may make inefficient decisions.
B) the overemphasis on improvements in the rural rather than the urban sector.
C) the oversupply of complex technical goods.
D) the undervaluation of currencies to promote export growth.
A
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Refer to Figure 10.7. A movement from point A to point D could be caused by
A) a positive demand shock accompanied by an increase in the default-risk premium. B) a decrease in consumer confidence accompanied by a decrease in the expected rate of inflation. C) a negative demand shock accompanied by an increase in the target interest rate. D) an increase in consumer confidence accompanied by a decrease in the term premium investors expect in the future.
Figure 11-7
The firm in Figure 11-7 is an unregulated monopolist; it will earn long-run profits of how much?
A. 500 B. 400 C. 300 D. 200