All of the following are important sources of growth except:
A. capital accumulation.
B. decreasing returns to scale.
C. institutions with incentives compatible with growth.
D. technological development.
Answer: B
You might also like to view...
Refer to Table 4-11. The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick. The equilibrium price and quantity for Chef Ernie's sushi are $60 and 20 thousand units
What is the value of economic surplus in this market? A) $300 thousand B) $600 thousand C) $1,200 thousand D) $1,600 thousand
All games share three characteristics. Two of these characteristics are rule and strategies. What is the third characteristic called?
A) payoffs B) competition C) collusion D) results
Monetary policy is primarily exercised by:
a. Congress. b. the President. c. the Federal Reserve. d. the Treasury Department.
An essential function of a central bank is to:
A. manage the money supply. B. collect taxes. C. issue debt. D. control and monitor government budgets.