Which of the following DVC policies is not likely to increase DVC economic growth?
A. Privatizing state industries.
B. Controlling population growth.
C. Restricting direct foreign investment from abroad.
D. Building human capital.
C. Restricting direct foreign investment from abroad.
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A tariff is a tax imposed on ________ good.
A. a luxury B. a domestic C. an illegal D. an imported
What does price elasticity of demand measure? When is demand elastic? Inelastic? Unit elastic?
What will be an ideal response?
Suppose two duopolists operate at zero marginal cost. The market demand is p = a - bQ. If firm 1 is the Stackelberg leader, what level of output will it choose?
A) q1 = (a - bq2)/2b B) q1 = (a - 2bq2)/2b C) q1 = a/b D) q1 = a/2b
Explicit contracts generally stipulate workers' wages for a period of
A. 90 days. B. no more than 1 year. C. 3 to 5 years. D. 1 to 3 years.