The linear stages theory of economic growth fails to recognize that increased investment is
a. both a necessary and a sufficient condition.
b. a necessary but not a sufficient condition.
c. a sufficient but not a necessary condition.
d. neither a necessary nor a sufficient condition.
B
You might also like to view...
On a two-dimensional graph, ________ allows for the effects of additional variables
A) adding an additional curve B) eliminating a curve C) moving along a curve D) shifting curves
If the government establishes a price floor at 75 percent of parity, this would imply that
a. price ceilings on farm goods must be 125 percent of parity b. price ceilings on farm goods must be 25 percent of parity c. farm prices can be no less than 75 percent of their 1910–1914 level d. farm prices can only rise to 75 percent of their 1910–1914 level e. farmers' purchasing power will be no less than 75 percent of 1910–1914 purchasing power
There are ten states in the democratic nation of Katlandia, and each state has ten thousand residents. Although incomes vary, each Katlandian pays a tax equal to the total cost of all government projects divided by the number of residents in the country. Currently, two states each have one army base. An army base adds $2 million to a state's local economy each year. In addition, in terms of increased security, the annual marginal benefit to Katlandia of having an additional army base is shown below. The total cost of an army base is $8 million per year.
Suppose the department of defense proposes to build a third base in the state of New Porkswick. Apart
from the value of the additional security to the nation, the state economy will benefit by ________ per resident, and each resident's taxes will increase by ________. A. $20; $80 B. $200; $80 C. $200; $800 D. $20; $800
In an efficient market, deadweight loss is ____.
A. maximum. B. minimum. C. constant. D. zero.