The more certain private property rights are
A. the less people need to invest in education or human capital development.
B. the less entrepreneurship there will be.
C. the more an economy must grow to maintain a certain living standard.
D. the more capital accumulation there will be.
Answer: D
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Based on the Saving-Investment Diagram, if the difference between values G and E measures the net capital outflow, then ________
A) the difference between values G and E measures the trade surplus B) the difference between values H and D measures the trade surplus C) the domestic real interest rate is indicated by B D) desired saving has decreased E) none of the above
Refer to the above figure. A recession is best described as
A) the upward linear line. B) the period between Point B and Point C. C) the period between Point A and Point B. D) none of the above.
Free trade is viewed as key to economic development because
A. it brings in expensive new technology. B. it encourages a faster spread of technology. C. it encourages a country's exports only. D. none of these is correct.
When the Chinese government buys U.S. government bonds, from the perspective of the United States, this is a(n):
A. capital outflow. B. capital inflow. C. import. D. export.