If this quote is TRUE, what would the neoclassical growth theory predict?
A) Economic growth stops because most technological advances have already been made.
B) Economic growth is temporary regardless of technological change and GDP per person returns to subsistence levels.
C) Economic growth will persist indefinitely because technological change will accelerate again as firms seek profits.
D) Economic growth will accelerate because these technological changes are permanent.
A
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When U.S. official reserves ________, the official settlements account balance becomes negative and when U.S. official reserves ________, the official settlements account balance becomes positive
A) increase; decrease B) decrease; increase C) increase; increase D) decrease; decrease E) More information is needed about the balances on the current account and the capital account in order to answer this question.
On average, people in low-income countries ________ than people in high-income countries
A) are subject to a lower infant mortality rate B) are exposed to fewer severe diseases C) are shorter D) have a longer life expectancy
The spread between the interest rates on Baa corporate bonds and U.S. government bonds is very large during the Great Depression years 1930-1933. Explain this difference using the bond supply and demand analysis
What will be an ideal response?
The benefits-received principle of taxation is used to support corporate and personal income taxes.
Answer the following statement true (T) or false (F)