According to the text, is there any relationship between bureaucratic inefficiency and economic growth?
A) Yes, bureaucratic inefficiency and economic growth are positively related.
B) No. Some nations' economies grow rapidly despite their inefficient governments while others collapse with inefficient governments.
C) Yes, but only in the most economically developed nations.
D) Yes, bureaucratic inefficiency and economic growth are inversely related.
D
You might also like to view...
The income elasticity of demand for housing property is exactly 1.40 . Due to a recession, you expect incomes to drop by 5% next year. How will consumers adjust their purchase for housing property?
a. Buy 5% more houses b. Buy 5% fewer houses c. Buy 7% more houses d. Buy 7% fewer houses
The solution in the prisoner's dilemma is called the
a. loss minimizing solution b. profit maximizing equilibrium c. dominant-strategy equilibrium d. revenue maximizing equilibrium e. marginal revenue solution
When the government bans a good it:
A. increases surplus more than any other solution to the nonexcludability problem. B. is an easy, but often ineffective, solution to the nonexcludability problem. C. creates a more efficient solution than any other to the nonexcludability problem. D. is the easiest and most effective solution to the nonexcludability problem.
The demand for a resource is “derived” from the goods and services that the resource is used to produce. Give three examples
Please provide the best answer for the statement.