Among the following countries, which one has the highest growth rate of real GDP per person over about the last 100 years?
a. Argentina
b. Mexico
c. the United Kingdom
d. the United States
b
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Free-market economies have led to
A. high growth rates but low efficiency. B. high efficiency and low growth rates. C. high growth rates and high efficiency. D. low growth rates and low efficiency.
What other economic process needs to accompany international trade, for nations to benefit from such trade?
A. Nationalization of industries B. Regulation of production and trade C. Spreading of resources to more industries D. Specialization in production
According to the Taylor rule, which of the following will lead to a higher nominal federal funds rate?
A) an increase in inflation B) a positive output gap C) a positive inflation gap D) all of the above E) none of the above
According to the textbook application, the Chesapeake Bay
a. has been deteriorating for decades b. is the largest estuary in North America c. has been addressed by a recent presidential executive order d. all of the above e. none of the above