Direct foreign investment in the LDCs
a. explains whatever economic growth the LDCs had in the last quarter of the 20th century
b. pushes the production possibilities curve inward toward the origin because resources are being diverted from the LDCs' own production activities
c. leads to substantial LDC debt to rich nations
d. cannot help the LDCs and can actually hinder their development because LDCs become reliant on it
e. can help the LDCs but cannot be a substitute for their own development efforts
E
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Which of the following programs was not designed and implemented by the Federal Reserve?
A. Troubled Asset Relief Program. B. Term Securities Lending Facility. C. Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility. D. Primary Dealer Credit Facility.
Refer to the data. The price elasticity of demand is unity:
Answer the question on the basis of the following demand schedule:
A. throughout the entire price range because the slope of the demand curve is constant.
B. in the $4-$3 price range only.
C. over the entire $3-$1 price range.
D. over the entire $6-$4 price range.