The development of countries like South Korea has been supported by all of the following EXCEPT
A) high domestic interest rates.
B) high domestic saving rates.
C) large endowments of human capital.
D) high levels of labor productivity.
E) reduced government regulation.
A
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The collapse of Enron Corporation is a reminder of the importance of ________
A) moral hazard B) government-directed credit C) energy trading D) transparency
In the short run, following an increase in government purchases,
a. the aggregate expenditure line shifts upward by more than the increase in government purchases b. real GDP declines by the change in government purchases times the expenditure multiplier c. the money supply curve shifts rightward because real income rises d. the interest rate rises because the money demand curve shifts rightward e. autonomous consumption and investment increase because of the increase in real income
If per capita real income grows by 2 percent per year, then it will double in approximately 20 years
a. True b. False Indicate whether the statement is true or false
Which of the following explains why flood control is a public good?
A. There are external benefits associated with its consumption. B. Flood control is paid for by taxpayers. C. It is not divisible and therefore cannot be kept from people who do not pay. D. The private sector usually produces flood control projects.