Leaps in productivity growth experienced by China are attributed to
A. loans provided by the Asia Development Bank.
B. a high savings rate, human and capital investment and foreign direct investment.
C. foreign aid received from industrialized countries.
D. the enforcement of intellectual property rights.
Answer: B
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Refer to Scenario 12.2. In this game, if the players successfully coordinate and Jerome ends up playing his weak strategy, then
A) Eliza will donate a kidney and Jerome will not donate. B) both Eliza and Jerome will donate a kidney. C) Jerome will donate a kidney and Eliza will not donate. D) neither Eliza nor Jerome will donate a kidney.
Refer to Figure 3-4. At a price of $20, how many units will be sold?
A) 400 B) 500 C) 600 D) 800
Who among the following is considered to be in the labor force?
A) retirees B) full-time students C) discouraged workers D) unemployed workers
There is substantial agreement among scholars that at least two functions of government are legitimate. These two functions are the
a. protection of the rights of individuals to their person and property and the provision of goods that cannot easily be provided through markets. b. redistribution of income from some individuals to others and the waging of war to expand the nation's territory. c. production of postal services and cable television. d. taxation of goods that are generally considered immoral or bad and the regulation of large corporations.