ISI policies were brought to an end primarily by
A) their inability to solve the crises of the 1980s.
B) authoritarian governments interested in total control over the economy.
C) populist politicians.
D) the growing perception that they were creating long-term economic inefficiencies.
E) Both A and D.
E
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If the value of marginal product of the last worker hired is $24 and the wage rate is $25, then
A) more workers should be hired. B) the worker should be fired. C) the firm has hired the profit maximizing number of workers. D) the firm is earning $1 of profit from this worker.
Brazil's per capita income growth rate was –0.7 percent for the years 1985–1995 . This means
a. Brazil's population growth was negative b. Brazil is not a less-developed country c. people in Brazil became poorer because per capita income fell 0.7 percent each year d. people in Brazil became richer as per capita incomes rose 0.7 percent each year e. income grew only slightly faster in Brazil than its population