Why does popular democracy, as defined in the U.S. Constitution, contribute to long-term economic growth and political stability?
(a) It allows regular change in the structure of the government.
(b) It provides incentive to invest, innovate and invent.
(c) It permits the President of the U.S. to choose fiscal policies to advance
contemporary mercantilism.
(d) It transfers wealth from the extremely wealthy to the desperately poor.
(b)
You might also like to view...
A business cycle expansion increases income, causing money demand to ________ and interest rates to ________, everything else held constant
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
Which of the following statements is true when total spending equals total output?
a. Saving plus taxes equals investment plus government purchases. b. Output equals investment plus government purchases plus saving plus taxes. c. Output equals consumption spending plus investment plus government purchases plus saving plus taxes. d. Output equals consumption plus investment plus taxes. e. Saving plus investment equals taxes plus government purchases.
Suppose the exact statements of the assumptions of a model do not enter in a crucial way, so that slightly different assumptions still lead to the same conclusion. When this occurs, the model is
a. tractable. b. robust. c. rational. d. efficient.
Under a flexible exchange rate system, there is no need for foreign exchange reserves.
Answer the following statement true (T) or false (F)