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Author Question: The theory of relative backwardness a. formulated by Rostow b. called for substitutions for ... (Read 33 times)

shofmannx20

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on: Jun 30, 2018
The theory of relative backwardness
 a. formulated by Rostow
  b. called for substitutions for missing preconditions
  c. explained the industrial revolution
  d. was an idea of Gerschenkron
  e. both b and d are correct

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 the GDP Price Index and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
 a. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive).
  b. The GDP Price Index rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive).
  c. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative).
  d. The GDP Price Index and net nonreserve-related international borrowing/lending remain the same.
  e. There is not enough information to determine what happens to these two macroeconomic variables.


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Tabitha_2016

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

.A


shofmannx20

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Reply #2 on: Jun 30, 2018
Correct answers!


Tabitha_2016

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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