The economic growth model predicts that
A) GDP per capita of poor countries will grow more rapidly than in rich countries.
B) GDP per capita of poor countries will never change.
C) Governments must centrally direct the economy for growth to occur.
D) GDP per capita of rich countries will grow more rapidly than in poor countries.
A
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Private savings is defined as:
a. Y + TR - C - T b. T - G - TR c. Y + TR + C - T d. T + G + TR
________ is the measure of the sensitivity of one variable to a change in another
A) Multiplier B) Elasticity C) Amplitude D) Buoyancy
Suppose the estimated fixed cost of Christmas trees business is $7,000 and not sunk. The estimated variable cost for each tree is $20
According to the forecast, the market price for Christmas trees is $25 each and the owner could sell 1000 trees at most each year. In the long run, the owner A) should shut down. B) should keep operating. C) should sell less. D) None of the above.
Market-based regulations tend to work best with pollutants that
a. Are non-uniformly mixed and local in effect b. Have threshold effects c. Are uniformly mixed and regional in effect d. Cause non-point source pollution e. Have non-linear and local effects