Which of the following characterizes the IACs?
a. High per capita GDP growth and high population growth.
b. Low per capita GDP growth and low population growth.
c. Low per capital GDP growth and high savings rate.
d. Low human capital investment.
b
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Explain the difference between marginal social benefit and marginal external benefit
What will be an ideal response?
Patents, tariffs, and quotas are all examples of
A) entry barriers that protect consumers. B) entry barriers that improve a country's standard of living. C) government-imposed barriers. D) economic regulations that increase efficiency.
If a poor country is going to grow rapidly and achieve a high level of per capita income, which of the following is most important?
What will be an ideal response?
Anticipated inflation is associated with cost increases which are fully expected.
Answer the following statement true (T) or false (F)