Which of the following is a measure of economic growth that is most useful for measuring geopolitical preeminence or military potential?
A. Growth in nominal GDP
B. Decreases in the rate of unemployment
C. Increases in real GDP per capita
D. Increases in real GDP
D. Increases in real GDP
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A firm that sells goods to foreign countries on a regular basis can avoid exchange-rate risk by
A) buying stock options. B) selling puts on financial futures. C) using a foreign exchange swap. D) buying swaptions.
Countries with a high level of bureaucratic inefficiency tend to have low rates of real GDP growth because
A) of complications that keep capital goods from flowing to their most efficient use. B) of poor accounting practices when determining real GDP. C) of poor management skill development in companies. D) they facilitate capital goods development.
"Antebellum transportation improvements encouraged the South to specialize in cotton, while depending on the West for food and the Northeast for manufactured goods.". This statement
a. describes Rostow's stages of growth model. b. describes North's interregional growth hypothesis. c. describes Thomas Jefferson's vision of the US economy. d. is supported by most contemporary economic historians.
According to the text, economics is the study of how:
A. scarce resources are allocated between capitalists and workers. B. governments allocate resources in the face of constraints. C. government policies can be used to meet individuals' wants and desires. D. human beings coordinate their wants and desires.