One factors that limits a poor nation's economic growth is
A. increased urbanization.
B. lack of entrepreneurial ability.
C. insufficient labor.
D. an overabundance of capital formation.
Answer: B
You might also like to view...
A country would achieve faster growth by ________
A) encouraging free trade B) increasing the cost of education C) increasing union membership D) taxing income and not consumption
If ration coupons are used to determine who gets the products available, what happens if the government allows individuals to trade them?
What will be an ideal response?
Refer to Table 2-4. Assume Dina's Diner only produces sliders and hot wings. A combination of 60 sliders and 25 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
Why is deflation such a problem for consumption and investment?
A. It increases the rate of both. B. It slows both. C. It slows investment while simultaneously increases consumption. D. It causes firms and households to spend more.