Which of the following accurately describes the impact of the rule of law on a country's economic growth rate?
A) Countries where favoritism and bribery are common have stronger rates of growth.
B) Countries with a strong rule of law have faster economic growth.
C) Countries with a weak rule of law have faster economic growth.
D) Countries that enforce property rights through lawsuits have slower economic growth.
B
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Which of the following cities does NOT contain a Federal Reserve bank?
A) Cleveland B) Dallas C) Los Angeles D) Boston
If the elasticity of supply coefficient for a good is 6, we know:
a. that for every 1% increase in quantity, there will be a 6% increase in price. b. that for every 1% increase in quantity, there will be a 6% decrease in price. c. that for every 6% increase in quantity, there will be a 1% increase in price. d. that for every 6% increase in quantity, there will be a 1% decrease in price.
Scarcity
What will be an ideal response?
In the long run or steady state of the Solow growth model, the growth rate of capital per worker is higher with higher saving rate
a. true b. false