An open capital market affects a nation's economic growth by
a. channeling capital into productive projects and away from wasteful projects.
b. rewarding investors who find the most productive projects and invest in them.
c. making the lowest-cost capital available from around the world.
d. all of the above.
D
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Marginal social benefits are equal to
A. marginal private benefits + marginal internal benefits. B. marginal private benefits - marginal internal benefits. C. marginal private benefits + marginal external benefits. D. marginal private benefits - marginal external benefits.
If Joel buys ten floppy disks, which are worth a total of $30 to him, and he pays $1 a disk, how much consumer surplus does he derive?
a. $24 b. $15 c. $20 d. $10 e. $2 from each floppy disk
What is productivity?
What will be an ideal response?
Answer the following questions true (T) or false (F)
1. A college must decide if it wants to offer more Internet-based classes. This decision involves answering the economic question of "what to produce." 2. One desirable outcome of a market economy is that it leads to a more equitable distribution of income. 3. The government makes all economic decisions in a market economy.