Role Of Industries In Economic Development
economics please help?
1. All of the following are associated with moving from a centrally planned economy to a market economy except?
a. a rise in unemployment
b. the protection of individual property rights
c. an increase in competition for high paying jobs
d. an increase in the role the government plays in the day-to-day operation of business
2. Economic problems in China were caused by all of the following except
a. the Cultural Revolution of the 1960′s
b. overproduction of unneeded consumer goods
c. lack of incentives for workers to work hard
d. an overemphasis on the development of heavy industry
True or false
If the United States chooses to decrease the tariff on foreign automobiles for those countries with NTR status, all countries that import foreign automobiles benefit,.
1. I’m sure the answer they’re looking for is D; however A is not always a consequence either. Planned economies often have lots of hidden unemployment — i.e. they [pay people to sit around or dig holes and fill them up.
2. B
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