Suppose an economy consists of two sectors: a manufacturing sector and a modern agricultural sector in which most of the crops that are grown are sold for cash. Such an economy:
A) would be considered a dual economy.
B) would not necessarily be considered a dual economy.
C) might be considered a dual economy if its institutions are underdeveloped.
D) might be considered a dual economy if its political system lacks institutional checks and balances.
Correct Answer:
Verified
Q30: Developing countries have different institutional priorities than
Q31: The normative economic goals of developing countries:
A)are
Q32: Developing economies are generally characterized by a
Q33: Relative to developed economies, budget deficits are:
A)more
Q34: Which of the following economies is most
Q36: In a dual economy, it is generally
Q37: When considering activist fiscal policy in developing
Q38: Developing countries place:
A)greater emphasis on both development
Q39: Which form of taxation do many developing
Q40: In developing countries, government expenditure levels are
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