Assuming diminishing returns,
a. the increase in output growth from an increase in the saving rate rises over time, and that, other things the same, rich countries should grow faster than poor ones.
b. the increase in output growth from an increase in the saving rate falls over time, and that, other things the same, rich countries should grow faster than poor ones.
c. the increase in output growth from an increase in the saving rate rises over time, and that, other things the same, poor countries should grow faster than rich ones.
d. the increase in output growth from an increase in the saving rate falls over time, and that, other things the same, poor countries should grow faster than rich ones.
d
You might also like to view...
When national income in other nations decreases, aggregate demand in our economy ________.
A. decreases because our imports will increase B. decreases because our exports will decrease C. increases because our imports will decrease D. increases because our exports will increase
If the value of the marginal product of a worker is $20 and the market price of the good he produces is $5, his marginal product is:
A) 4 units. B) 10 units. C) 25 units. D) 100 units.
The market demand for MP3 player is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell a MP3 player is $10. If he signed a fixed-fee rental contract with the store owner and pays $1000 as the rent,
A) Nick will sell 20 MP3 players. B) Nick will sell 40 MP3 players. C) Nick will sell 50 MP3 players. D) Nick will not sign the contract.
Adam Smith
a. is considered the founder of modern economics b. wrote An Inquiry into the Nature and Causes of the Wealth of Nations c. did not believe the wealth of nations came from an accumulation of gold and silver. d. All of the above