Which of the following will not contribute to increasing the stock of physical or human capital of a nation?
a. an increase in savings
b. a reduction in taxes on capital gains and stock dividends
c. a lack of enforcement of private property rights
d. the subsidization of higher education
c
You might also like to view...
The Federal Reserve is divided into 7 districts
Indicate whether the statement is true or false
When Ferrari sells stock to the public in its IPO, it will do so through the New York Stock Exchange. People who buy the shares will
A) do so in the indirect finance market. B) own part of the company. C) be promised to be repaid their investment plus interest. D) All of the above are true.
Attending college is a case where the ________________ exceeds the monetary cost.
A. budget constraint B. marginal analysis C. opportunity cost D. marginal utility
Answer the following statements true (T) or false (F)
1. The Trade Expansion Act of 1974 restricted the authority of the president of the United States to reduce tariffs. 2. The rule of origin defines the maximum percentage of a country’s exported product that can be sold in the United States. 3. If trade between the United States and Canada were totally free of restrictions, the incomes of most Canadian workers would decrease. 4. Maquiladoras are export-oriented plants, often along the U.S.–Mexico border, that are exempt from paying import duties on raw materials and parts used in making final products. 5. The Maastricht Agreement calls for a common currency and a single central bank in the European Union.