A nation can accelerate its economic growth by:
A. reducing the number of immigrants allowed into the country.
B. adding to its stock of capital.
C. printing more money.
D. imposing tariffs and quotas on imported goods.
Answer: B
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The tables above show the marginal costs and benefits from production of paper. If the market is perfectly competitive and unregulated, the efficient level of output
A) is achieved. B) can be achieved by giving paper producers a subsidy. C) can be achieved by imposing a Pigovian tax on paper producers. D) cannot be achieved.
In the context of a controlled experiment, consider the simple linear regression formulation = 0 + 1 + . Let the be the outcome, the treatment level, and contain all the additional determinants of the outcome. Then:
A) the OLS estimator of the slope will be inconsistent in the case of a randomly assigned Xi since there are omitted variables present. B) Xi and ui will be independently distributed if the Xi be are randomly assigned. C) β0 represents the causal effect of X on Y when X is zero. D) E(Y X = 0) is the expected value for the treatment group.
Assume that the expectation of a recession next year causes business investments and household consumption to fall, as well as the financing to support it. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and the monetary base in the context of the Three-Sector-Model?
a. The real risk-free interest rate falls and monetary base falls. b. The real risk-free interest rate rises and monetary base falls. c. The real risk-free interest rate falls and monetary base rises. d. The real risk-free interest rate and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
The law of demand says that in most cases, the lower the price, the lower the quantity demanded.
Answer the following statement true (T) or false (F)