Which of the following explains the vicious circle of poverty?
a. By investing in education and infrastructure at the same time, the country can overcome the problems of poverty
b. Poverty arises out of the lack of investment, but they cannot invest because they are poor.
c. A nation can shift its production possibility curve inward by shifting more resources into the production of capital goods.
d. A nation can shift its production possibility curve outward by shifting more resources into the production of consumer goods.
e. There are dual economies in the world: Some are rich and others are poor.
B
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Statistical studies of the relationship between interest rates and later depreciation rates show that
A) the interest difference has been a very bad predictor in the large swings of exchange rates. B) the interest difference has been an accurate predictor in the large swings of exchange rates. C) the interest difference has correctly predicted the direction in which exchange rates would change. D) the interest difference has not yet been studied as a predictor in the large swings of exchange rates. E) the interest difference is unrelated to the large swings of exchange rates.
In the derivation of TVC, you
A. subtract the amount of the vertical intercept of the TC down from the TC at each quantity. B. move the TC to the right a fixed distance. C. the minimum-slope ray out of the origin to the TC. D. the vertical intercept of the TC and draw a horizontal line.