Which of the following factors would be most likely to encourage capital formation in a less-developed nation?
What will be an ideal response?
legal system that provides for secure property rights and even-handed enforcement of contracts
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The Soviet Union's economy grew rapidly in terms of GDP per hour worked in the 1950s, but eventually this growth slowed. Why did this occur?
A) Capital per hour worked grew rapidly from 1950 to 1980, but technological change occurred very slowly. B) Increasing implementation of new technologies eventually suffered diminishing marginal returns. C) Capital per hour worked grew slowly, but technological change grew very rapidly. D) The centrally planned economy invested too heavily in technological change.
Consider the above figure. The curve shown is sometimes referred to as
A) the Laffer curve. B) the Ricardian curve. C) the Keynesian curve. D) the Phillips curve.
Recall the Application about advertising in the milk industry to answer the following question(s).Recall the Application. The industry ended the "Got Milk?" campaign in 2014 and switched to "Milk Life," which focuses on the ________ of milk.
A. price B. protein content C. calcium content D. None of these
Investors evaluate an investment by estimating its average expected rate of return, and this estimation process assigns higher weights to:
A. Higher returns B. More likely outcomes C. Higher risks D. Smaller returns