In order to increase productivity and economic growth, poor nations need
A. Increased consumption.
B. A strong dictator.
C. A large military.
D. Increased capital investment.
Answer: D
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The quantity of money supplied is determined primarily by ________
a. the Congress and the President b. public sector banks c. the Federal Reserve d. the commercial banks
Which of the following is the definition of the government budget deficit??
A. The total of all past and future tax collections. B. An excess of government spending over revenues during a given period of time C. The total value of all outstanding government securities. D. An excess of government revenues overspending during a given period of time.
According to Figure 2.5, the United States civilian labor force participation rate in June 2013 was ________
A) 59% B) 43.8% C) 66.7% D) 64.0% E) none of the above
The first law of demand states that
a. the quantity demanded increases as price falls b. the quantity demanded decreases as price falls c. the quantity demanded increases as price increases d. none of the above