A. growing government assistance create addiction to welfare programs B. low income levels create pressure for money creation C. low income levels create pressure for cheap imports D. low per capita incomes creates low savings that keep incomes low...
A. LDCs are overpopulated B. labor contributes nothing to output in LDCs C. the marginal products of labor is closed to zero in LDCs D. urban unemployment is high in LDCs...
A. a country is poor because it has lower productivity but high savings B. as countries grow richer they save less C. poverty perpetuates itself in mutually reinforcing circles on supply and demand sides D. market size is large in LDCs...
A. Organization for Economic Cooperation and Development and Development B. Oil Exporting Countries Development C. Organization for Environmental cooperative Department D. Open Economies Caucus on Development...
A. capitalism exploits the worker and socialism exploits the property owner B. capitalism relies on the market to make economic decisions and socialism uses central planning C. capitalism grows through rent seeking and socialism grows through government direction D. capitalism relies on consumer satisfaction to dictate choices and socialism relies on producer satisfaction...
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