Which of the following is not an obstacle to development?
A. Overpopulation
B. Excessive investment
C. Political instability
D. Corruption
Answer: B
You might also like to view...
A 2009 article in The Economist noted that some studies have provided evidence indicating that multipliers are
a. smaller in closed economies than in open economies. b. larger in closed economies than in open economies. c. smaller in capitalist economies than in socialist economies. d. larger in capitalist economies than in socialist economies.
The representative consumer's discount factor B
A. equals the share of production going to labor B. is a parameter capturing how patient the consumer is C. is a choice parameter controlling consuming versus saving D. is the reduction in price from a competitive factor market
Finding the occupation or business activity in which you are relatively more productive helps you earn more money than otherwise would be the case. This reflects the
What will be an ideal response?
In the diagram, at $10 million of R&D expenditure, the:
A. expected rate of return exceeds the interest-rate cost of funds.
B. firm is spending an optimal amount on R&D.
C. interest-rate cost of funds exceeds the expected rate of return.
D. marginal benefit of R&D is less than the marginal cost of R&D.