Economic growth is slow or absent in some economies because those lack
A) political freedom.
B) democracy.
C) a strong government.
D) cultural freedom.
E) economic freedom.
E
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Which of the following metaphors best expresses the scientific nature of economic theory?
A) like a wool sweater, economic theory warms the heart of the economist. B) like a pair of eyeglasses, economic theory allows one to more clearly see and discriminate among the countless facts he or she faces. C) like a gun, economic theory shoots holes through every other rival theory. D) like a bank, economic theory is concerned with only one thing: the accumulation of money.
A criticism of the monetarist autonomous spending variable is that
A) some types of autonomous spending do not affect aggregate demand. B) some types of autonomous spending affect aggregate demand before the spending occurs. Some types of autonomous spending affect aggregate demand when they occur. C) some types of autonomous spending affect aggregate demand only long after they occur. D) Keynesians do not think that autonomous spending affects aggregate demand.
In both Gamma and Delta average labor productivity is $20,000 per worker per year. The population of Gamma is 200,000 and the population of Delta is 400,000. Sixty percent of the population in each country is employed. Total output in Gamma is ________ and total output in Delta is ________.
A. $120,000; $800,000 B. $8 billion; $4 billion C. $2.4 billion; $4.8 billion D. $4 billion; $8 billion
Answer the question on the basis of the following information for four highway programs of increasing scope. All figures are in millions of dollars. The data indicate that
What will be an ideal response?