Increases in real GNP per capita occur when ? A. government programs direct resources away from investment goods to consumer goods. B. tariffs and quotas prevent dollars from leaving the countryC. the rate of growth of real GNP is greater…

Industrialization? A. causes developmentB. is positively related to development C. id inversely related to development D. inhibits development

What is gross domestic product (GDP) ? A. income earned through foreign exchange B. the number of dollars earned in industryC. income earned within a country’s boundaries D. goods received from the nation’s residents

Increasing in the real GNP per capita occur when ? A. government programs direct resources away from investment goods to consumer goods. B. tariffs and quotas prevent countries from trading and thus prevent dollars from leaving each countryC. the rate…

A country’s export commodity concentration ratio is the ? A. average annual investment made in production of exported commodities B. proportion of the primary export commodity in total exportsC. ratio of four leading commodities to total merchandise exports D. total…

The informal sector includes ? I-artisans, cottage industrialists, petty traders, teashop proprietors II- garbage pickers jitney unauthorized taxis repair persons III- the self employed IV- activities with little capital skill and entry barriers A. I and II only B. III…

Economic rent ? A. is productive activity to obtain private benefit from public action and resourcesB. are the payments above the minimum essential to attract the resources to the market? C. is the wage used to pay unskilled workers? D.…