Which of the following is a driving force underlying economic growth?
a. trade restrictions that protect domestic businesses from competition with foreign producers
b. regulations that require businesses to obtain permission from the government before starting a new business
c. tax increases that expand the revenues of the government
d. entrepreneurial discovery and production of improved products
D
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Actuarily fair insurance reduces risk without changing the expected value of a gamble.
Answer the following statement true (T) or false (F)
Why do some people think that the productivity slowdown since 1973 is just a return to normalcy after fast productivity growth during the previous 25 years?
A) Productivity growth of the previous 25 years was abnormally low. B) The Great Depression and World War II had prevented technological opportunities from being exploited. C) The United States is the only country to face the slowdown, due to poor regulatory decisions. D) The United States has allowed countries like Japan to steal its technological breakthroughs.
Because _____ has two official languages (French and English), it is one of the world's leaders in multiculturalism and government policy
a. Belgium b. Canada c. France d. Ghana
Which of the following is an example of a positive statement?
A. Cats are better pets than dogs. B. NCAA Football should have adopted a playoff system 10 years ago. C. An increase in minimum wage results in higher teenage unemployment. D. No one should be allowed to carry guns into the classroom.