In general, the relationship between democracy and economic growth as demonstrated by the HPAEs is that
A) democratic nations grow faster than undemocratic nations.
B) democratic nations grow slower than undemocratic nations.
C) there does not seem to be a relationship between democracy and economic growth.
D) democracies are much more variable in their rates of growth than undemocratic nations.
E) democracies are much less variable in their rates of growth than undemocratic nations.
C
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The International Communication Network which is the successor of GATT settles trade disputes among its member countries
a. True b. False Indicate whether the statement is true or false
Assuming MPC is 0.90, what effect, if any, would an increase of $100 billion of U.S. exports have on the U.S. level of national income?
a. No effect since the goods would be consumed abroad b. National income increases by $100 billion c. National income decreases by $100 billion d. National income increases by $1,000 billion e. National income decreases by $1,000 billion
Arlene makes earrings in the shape of the mascot of a local university. Last year Arlene made 250 pairs of earrings, which she sold to the university bookstore for $10 each. Arlene works out of her home, so her only cost is $3 per pair for materials and $85 for tax help. If Arlene didn't produce earrings, she would spend her time babysitting her nephews and make about $500 per year. Which of the following is TRUE?
According to the rule of 72, a 12% annual increase in real GDP would lead to a doubling of real GDP in 8 years.
a. true b. false