Corruption
A) curtails economic growth.
B) is eliminated by foreign direct investment.
C) raises the rate of growth as bribes enhance income.
D) acts as a magnet for foreign direct investment.
A
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Suppose Jennifer has $42,000 in currency which she deposits in her bank. If the reserve ratio is 50 percent, this will lead to a maximum increase of ________ in M1 throughout all banks
A) $0 B) $21,000 C) $42,000 D) $84,000
Describe some of the external benefits associated with education. What can government do to encourage production of the efficient amount of education?
What will be an ideal response?
The government could close an inflationary gap by increasing government spending by some amount greater than taxes
Indicate whether the statement is true or false
Which of the following might explain a decrease in national saving when the tax rate on savings is reduced?
a. its income effect on saving and its effect on the government budget b. its income effect on saving but not its effect on the government budget c. its effect on the government budget but not its income effect on saving d. neither its income effect on saving nor its effect on the government budget