Industrially advanced countries can best help developing countries by:
A. Establishing price supports for the products produced by DVCs
B. Increasing tariffs and quotas on products produced by DVCs
C. Increasing the flows of private capital to DVCs
D. Increasing control over DVCs' capital markets
C. Increasing the flows of private capital to DVCs
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A surplus in the labor market indicates that the
A) real wage rate is above the equilibrium wage rate but it is too low to eliminate the surplus of labor. B) quantity of labor demanded is less than the quantity of labor supplied. C) real wage rate has to rise before the labor market will reach equilibrium. D) workers are not looking for work because they enjoy their leisure time. E) real wage rate is less than the equilibrium wage rate.
If tax reduction and simplification are effective, then
A) fewer new firms will be established, since existing firms will make more profit. B) saving and investment in new capital will increase. C) interest rates will rise in financial markets and demand for financial assets falls. D) real wages will rise as labor supply and demand increase.