Countries with a high level of bureaucratic inefficiency tend to have low rates of real GDP growth because
A) of complications that keep capital goods from flowing to their most efficient use.
B) of poor accounting practices when determining real GDP.
C) of poor management skill development in companies.
D) they facilitate capital goods development.
A
You might also like to view...
Suppose the euro—yen exchange rate falls while the dollar—yen exchange rate rises. What happens to the price of goods imported into Japan?
A) European goods become more expensive while U.S. goods become cheaper. B) European goods become cheaper while U.S. goods become more expensive. C) Both European and U.S. goods become more expensive. D) Both European and U.S. goods become cheaper.
If interest rates in Canada fall below those in the rest of the world, then
a. it depreciates Canada's exchange rate and this may result in a surplus on Canada's current account b. the demand for Canadian dollars increases c. exports from Canada to other countries decrease d. imports into Canada from other countries increase e. the balance of payments becomes negative
A monopolist sells a lesser quantity at a higher price compared to a perfect competitor
a. True b. False Indicate whether the statement is true or false
In the circular-flow diagram, in the markets for
a. goods and services, households and firms are both sellers. b. goods and services, households are sellers and firms are buyers. c. the factors of production, households are sellers and firms are buyers. d. the factors of production, households and firms are both buyers.