Which of the following helps low-income countries grow rapidly relative to high-income countries?
a. Low-income countries are in a better position to save a larger share of their income.
b. Low-income countries can employ technologies and practices that have been successful in high-income countries.
c. Low-income countries generally have legal systems that protect property rights and enforce contracts in a more evenhanded manner.
d. Low-income countries generally have more favorable weather conditions.
b
You might also like to view...
When the U.S. government launched a massive rescue plan in response to the 2008-2009 financial crisis, the overall demand for loanable funds ________ because the ________
A) decreased; demand by households, businesses, and financial institutions changed by the same amount as the federal government demand B) did not change; demand by households, businesses, and financial institutions changed by the same amount as the federal government demand C) increased; demand by households, businesses, and financial institutions increased as did the federal government demand D) decreased; demand by households, businesses, and financial institutions decreased by more than the federal government demand increased E) increased; demand by households, businesses, and financial institutions increased by more than the federal government demand increased
Suppose you are graphing the quantity of bagels on the vertical axis and the quantity of coffee on the horizontal axis. A household's real income in terms of bagels is the
A) relative price of coffee. B) relative price of bagels. C) point at which the budget line intersects the x-axis. D) point at which the budget line intersects the y-axis.
The quadratic equation Y = a + bX +cX2 can be estimated using linear regression by estimating
A. Y = a + ZX where Z = (b + c)2 B. Y = a + bZ where Z = X2 C. Y = a + ZX where Z = (b + c) D. Y = a + bX + ZX where Z = c2 E. none of the above will work
Suppose that in a month the price of oranges increases from $.75 to $1. At the same time, the quantity of oranges demanded decreases from 100 to 80. The price elasticity of demand for oranges (calculated using the initial value formula) is:
A. 0.75. B. 0.6. C. 0.25. D. 20.