Barriers to Riches, by S. Parente and E. Prescott, emphasizes the importance of
A) barriers to technological adoption.
B) barriers to the development of natural resources.
C) public education.
D) endogenous growth.
A
You might also like to view...
Monetarists directly study the link between money and economic activity using
A) structural models. B) reduced-form models. C) scientific models. D) experimental models.
During the American Revolution, the Pennsylvania legislature enacted price controls on essential commodities. The result of this legislation was
a. a large increase in the availability of those items, ending shortages. b. a severe shortage of those essential commodities. c. an increase in the price of those items, thus alleviating shortages. d. new efforts to increase production of those commodities. e. a minor inconvenience as persons adjusted to the new law.
Exhibit 21-1 Production possibilities curves
?
In Exhibit 21-1, the production possibilities curves of wheat and corn for Nabia and Pada are presented. Suppose Pada produces at point B on its PPC. How much corn is the country able to produce?
A. 2. B. 15. C. 10. D. 6.
Charlie's income went from $1000 per week to $1500 per week. As a result he increased his consumption of beef from 1 pound a week to 3 pounds a week. Based on his consumption patterns, the income elasticity of beef for Charlie is
A) 2.50. B) -.50. C) .50. D) -1.50.