Which of the following countries has the most economic freedom?
a. Venezuela
b. Zimbabwe
c. Hong Kong
d. Cuba
c. Hong Kong
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For almost 70 years international trade policies have been governed
A) by the World Trade Organization. B) by the International Monetary Fund. C) by the World. D) by an international treaty known as the General Agreement on Tariffs and Trade (GATT). E) by the North American Free Trade Agreement (NAFTA).
In the formula for calculating the growth rate of multifactor productivity, the growth rate of labor productivity is represented by
A) y - n. B) b(k - n). C) bk/n. D) b - n.
Explain the trade-off between equity and economic efficiency inherent in the welfare system.
What will be an ideal response?
According to Malthus, a fixed quantity of land and a growing population combined to produce:
A. accelerating economic growth. B. a stationary state in which growth ceased. C. continuous but variable economic growth. D. a stationary state in which the economy grew, but at a fixed and unchangeable rate.