After its reforms in the late 1970s, China followed a policy of
a. Nationalization of all enterprises
b. export of technology
c. free economic zones
d. import substitution
e. industrial planning
Question 2
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to real GDP and the nominal value of the domestic currency in the context of the Three-Sector-Model?
a. Real GDP falls, and nominal value of the domestic currency rises.
b. Real GDP falls, and nominal value of the domestic currency remains the same.
c. Real GDP rises, and nominal value of the domestic currency rises.
d. Real GDP falls, and nominal value of the domestic currency falls.
e. There is not enough information to determine what happens to these two macroeconomic variables.
A mother and her pups in a suburban yard in late May
environmental policy
This modified model of Easton’s systems theory puts government decision makers as the source of pol
The rate of global emissions is rising rapidly, especially in India and China
Key foreign policy agencies