Which of the following is most important for the achievement of long-term economic growth and a high level of per capita income?
a. abundant natural resources
b. foreign aid
c. policies and institutions that encourage productive activities
d. institutions and policies that control the growth of population
C
You might also like to view...
When examining the causes of unemployment, Keynes focused on
A) financial markets. B) inflationary expectations. C) changes in technology. D) aggregate demand.
In the 1920s, the Federal Reserve followed a policy of _____ because it believed that the insolvent banks ____
a. letting insolvent banks fail; were too small to be profitable and were badly managed b. bailing out insolvent banks; too big to be allowed to fail c. letting insolvent banks fail; would be purchased by solvent banks anyway d. bailing out insolvent banks; this was what the Federal Reserve had been founded to do
A sole proprietorship produces only one good
Indicate whether the statement is true or false
If prices in the U.S. rise faster than prices in the United Kingdom, then according to the doctrine of purchasing-power parity the U.S. nominal exchange rate should rise
a. True b. False Indicate whether the statement is true or false