There are several factors that nearly everyone agrees have contributed to economic growth in some or all countries. They do not include which of the following?
a. Growth in the quantity and quality of labor resources used
b. Increase in the use of inputs provided by the land
c. Growth in physical capital inputs
d. All of the above are included.
d
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A tax of 20 cents per unit of imported garlic is an example of a(n)
A) specific tariff. B) ad valorem tariff. C) nominal tariff. D) effective protection tariff. E) a disadvantageous tariff.
The saving rate has the following characteristic in Solow's exogenous growth model
A) it increases with output. B) it first decreases, then increases with output. C) it first increases, then decreases with output. D) it is constant.
The United States would be characterized as having:
A. a controlled domestic interest rate, an open capital market and a flexible exchange rate. B. a controlled domestic interest rate, an open capital market and a fixed exchange rate. C. no control over the domestic interest rate, an open capital market and a flexible exchange rate. D. a controlled domestic interest rate, a closed capital market and a flexible exchange rate.
In 2005, the percentages of mortgages that were considered sub-prime:
a. increased dramatically.
b. increased minimally
c. decreased minimally.
d. decreased dramatically.