Countries with more economic freedom have levels of economic growth that
a. are generally higher than those of nations with less economic freedom.
b. are similar to those of nations with less economic freedom since the level of investment, not economic freedom, determines the growth rate.
c. cannot continue at high levels because too little government planning is being done.
d. are generally lower than the growth rates of countries with less economic freedom.
A
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The problem of vesting and funding are avoided by __________ pension plans
A) both defined benefit and defined contribution B) defined benefit C) defined contribution D) neither defined benefit nor defined contribution
According to Keynes, the aggregate supply curve is
a. vertical in both the long run and the short run. b. vertical only in the long run. c. vertical only in the short run. d. never vertical.
Compared to a nonpoor individual, a poor individual is more likely to be
a. female. b. black. c. a child. d. All of the above are correct.
Suppose prices for new homes have risen and sales of new homes have also risen. We can conclude that
a. the demand for new homes has risen. b. the law of demand has been violated. c. new firms have entered the construction industry. d. construction firms must be facing higher costs.