Countries that have experienced modern economic growth have also tended to:
A. adopt feudalistic institutions.
B. restrict women and minorities from holding certain economic and political positions.
C. move toward more democratic forms of government.
D. have less leisure time for sport and artistic activities.
C. move toward more democratic forms of government.
You might also like to view...
What is the relationship between economic development and the political institutions of democracy?
What will be an ideal response?
An ultimatum game:
A. is a repeated game. B. is a simultaneous move game. C. is when one player makes an offer and the other has to accept or reject. D. is a realistic way of modeling union negotiations.
Consider the following statement: "If the government attempts to raise employment through increased fiscal spending, all it will end up doing is increasing the price level." The statement rests on the assumption that:
a. the aggregate demand curve is a horizontal line. b. the aggregate supply curve is a vertical line. c. the aggregate supply curve is upward-sloping. d. the aggregate supply curve is downward-sloping. e. the aggregate supply curve is a horizontal line.
Suppose the socially-optimal quantity of good x is larger than the market-equilibrium quantity of good x. Does the production of good x convey a positive externality or does it convey a negative externality?