Countries that devote a large share of GDP to investment, such as Singapore and S. Korea, tend to have
a. high growth rates.
b. stable growth rates.
c. low growth rates.
d. highly cyclical growth rates.
e. there is no relationship between investment and growth.
c. low growth rates.
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Environmentalists, worried about sulfur dioxide in the air, pressure the government to require bus manufacturers to modify exhaust systems in buses. In this situation,
a. benefits of the proposed requirements are more widespread than costs b. benefits and costs of the proposed requirements are equally widespread because producers of buses will pass cost increases on to bus companies who will increase fares c. pressure for government regulation is unnecessary because those who use buses will stop riding buses if they don't have cleaner emissions d. bus riders are more likely to lobby against the proposal than are bus producers e. bus riders are more likely to lobby against the proposal than are bus workers
For an economy to eliminate inflation once people have begun to anticipate it, _____
a. a passive policy approach must be followed b. the monetary authorities must announce their decisions c. actual inflation must be greater than anticipated inflation d. cold turkey solutions that lead to further inflation must be avoided e. a recession will have to be endured until expectations have been reduced
Like profit-seeking, rent seeking is also a productive activity and contributes to the growth of the economy
a. True b. False Indicate whether the statement is true or false
Companies spend ____ on pricing decisions
A) too much time B) the right amount of time C) too little time D) too much money