A major factor contributing to the slow growth rate of less-developed economies is
A) the lack of well-defined and enforceable property rights.
B) the lack of workers.
C) the lack of natural resources.
D) the high rate of illiteracy.
A
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A decrease in net wealth will _____
a. shift the consumption function downward b. make the consumption function steeper c. cause an upward movement along the consumption function d. cause a downward movement along the consumption function e. make the consumption function flatter
Assuming one can derive a correct input-output table, are there still any reasons to prefer the market to central planning?
Which of the following is a surplus item in the U.S. current account?
A. IBM pays dividends to British shareholders. B. Finn vodka becomes more popular in the United States. C. U.S. firms export more farm products to China. D. The U.S. government reduces the tariff rates on some imported goods.
As the size of the MPC decreases, the value of the balanced-budget multiplier
A. decreases. B. remains constant. C. increases. D. could either increase or decrease.