This topic contains a solution. Click here to go to the answer

Author Question: Hu Tells Leaders China Growth Will Help World Economy Chinese President Hu Jintao told world ... (Read 98 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
Hu Tells Leaders China Growth Will Help World Economy
 
  Chinese President Hu Jintao told world leaders that his country has taken an active part in the international cooperation to deal with the financial crisis'' by providing a 586 billion economic stimulus, focused on building low-rent housing, roads, railways and airports. The package also allows tax deductions for fixed assets such as machinery to stimulate investment. Farmers will also benefit from more subsidies.
  Hu stated that China is in itself an important contribution to international financial stability and world economic growth.''
   www.bloomberg.com 11/15/2008
  China wants to increase investment because this change will
  A) increase the growth in physical capital and speed up economic growth.
  B) increase human capital.
  C) cause an increase in the supply of labor.
  D) not cause the real wage rate to increase so employment will increase.

Question 2

In the above figure, the equilibrium price of a paperback book is 6 per book and the equilibrium quantity is 3 million books. The National Literature Board convinces the government to impose a price ceiling of 3 per book.
 
  At this price, the quantity of books supplied to the market will be A) 3 million a month and will equal the quantity demanded.
  B) less than 3 million a month and will exceed the quantity demanded.
  C) less than 3 million a month and will be less than the quantity demanded.
  D) more than 3 million a month and will exceed the quantity demanded.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Meganchabluk

  • Sr. Member
  • ****
  • Posts: 301
Answer to Question 1

A

Answer to Question 2

C




itsmyluck

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Wow, this really help


gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library