A suggested policy for industrially advanced countries to adopt to encourage economic growth in developing countries would be

A) cutting debt relief for DVCs.
B) directing foreign aid to the more affluent DVCs.
C) restricting immigration of low-skilled workers from DVCs.
D) reducing tariffs and import quotas on labor-intensive products.

Which of the following statements is true regarding joint ventures?

A) Participants in a joint venture usually share profits equally, but share losses based on the percentage of contribution.
B) Participants in a joint venture usually share losses equally, but share profits based on the percentage of contribution.
C) The joint venture is not automatically terminated when one of the members dies.
D) A joint venture requires the filing of a formal agreement with the state.
E) Courts frequently apply sole proprietorship law to joint ventures.

In a zero-sum game, the gains by one player will be exactly offset by the losses of the other.

_____ refers to the study of how a culture perceives time and its use.

A) Chronemics
B) Haptics
C) Proxemics
D) Kinesics

The reserve ratio refers to

A) the proportion of assets held in the form of cash or deposits in the Federal Reserve.
B) the proportion of deposit liabilities that must be held in the form of cash or deposits in the Federal Reserve.
C) the proportion of reserves that must be held in the form of vault cash.
D) the proportion of reserves that can be loaned out.

(Table: Pumpkin Market) There are two consumers,Andy and Ben,in the market for pumpkins.Their willingness to pay for each pumpkin is shown in the table Pumpkin Market.There are two producers of pumpkins,Cindy and Diane,and their costs are also shown.The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5.If Cindy sells one fewer pumpkin and Diane sells one more pumpkin than in equilibrium,total surplus will _____ by _____.

A) increase;$16
B) increase;$14
C) decrease;$1
D) decrease;$2