In order to promote growth, the poorest countries-in contrast to the middle-level and rich countries-need most to:
A. improve their infrastructure.
B. invest in human capital.
C. increase their capital stock.
D. improve their legal and political environments.
Answer: D
You might also like to view...
If tomato growers in Florida lobby the U.S. government to impose an import quota on Mexican tomatoes, who gains from such a quota?
A) Mexican growers B) the U.S. government C) no one D) U.S. consumers E) U.S. growers
The rise in the U.S. debt-GDP ratio after 1980 must be blamed primarily on a ________ ratio of ________ to GDP
A) rising, government expenditures B) rising, tax revenues C) falling, government expenditures D) falling, tax revenues
Sadie just bought a new karaoke machine to replace her old one. Her old one works perfectly fine and would sell on Craigslist for $50. The fact that Sadie would not pay $50 for it, yet continues to let it sit in her closet unused is explained by:
A. the implicit cost of ownership. B. the cost of admitting she likes karaoke. C. ignored sunk costs. D. irrationally considering sunk costs.
The current system of international finance is a
a. gold standard b. fixed exchange rate system c. floating exchange rate system d. managed float exchange rate system e. pooled currency exchange system