The new endogenous growth theory concludes that sustained economic growth in a country comes from the interaction of labor, investments in physical and human capital, and what is perhaps the key ingredient:
A) natural resources.
B) the production of ideas.
C) post-secondary education within that country.
D) immigration into that country.
B
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Explain why public goods can be classified as market failure? Explain what problem arises when public goods are produced?
What will be an ideal response?
Internal ownership of the national debt occurs when U.S. Treasury bonds are purchased by all of the following except
A. Foreign countries that we trade with. B. The Federal Reserve System. C. Individual U.S. citizens. D. State banks.
Consider two investors: one is risk-neutral and the other is risk-averse. How do they each assess a risk premium?
What will be an ideal response?
In the absence of? well-defined property? rights, we would likely find
What will be an ideal response?