Name at least four institutional structures that promote and sustain modern economic growth. What other factors also influence a nation’s capacity for economic growth?
Please provide the best answer for the statement.
Economic historians have identified six institutional structures that promote and sustain modern economic growth. These institutions include: strong property rights; patents and copyrights; efficient financial institutions; literacy and widespread education; free trade; and, a competitive market system. Other factors that have been found to influence economic growth include a country’s social-cultural-political environment, a positive attitude towards work and risk-taking, and the virtual lack of moral and social taboos on production and material progress.
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An increase in energy prices is a likely cause of
A) Great Depression. B) Korean War inflation. C) the recession in 1973-1975. D) the Great Moderation.
Inflation reduction is more politically popular than full employment and poverty reduction
Indicate whether the statement is true or false
What type of policy does the government adopt in dealing with government-inhibited goods?
A) It subsidizes their consumption. B) It subsidizes their production. C) It provides them as public goods. D) It taxes, regulates, or prohibits their use.
Which of the following contributed to the collapse of the Bretton Woods system?
a. chronic U.S. trade surpluses b. fixed exchange rates c. an insufficient gold supply d. West Germany's allowing the dollar to float against the mark e. West Germany's not wanting the dollar to appreciate