Which of the following will be required for a country to move up the income ladder and achieve high-income status?
a. rapid growth of the money supply.
b. restrictions limiting the import of goods from other nations, particularly low-wage countries.
c. tax incentives that encourage consumption rather than investment
d. sustained economic growth
D
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Assume Claudia's budget constraint is demonstrated by line A in the graph shown. Which of the following would cause Claudia's budget constraint to shift to line C?
A. Claudia's income increased.
B. Claudia's income decreased.
C. Claudia's preferences for these two goods decreased.
D. The prices of both goods have gone down.
Which of the following is a valid reason for government provision rather than market provision of certain economic goods and services?
a. When the government provides economic goods, they are free; costs are only incurred when such goods are provided by private firms. b. Voters tend to be better informed than market consumers. c. Decision makers in the market are motivated by self-interest, whereas, political decision makers are primarily motivated by the desire to help others. d. Public goods tend to be undersupplied through the market since it is difficult for potential suppliers to withhold such goods from nonpaying consumers, while the government can use taxes to overcome this problem.
Which of the following is a financial intermediary?
a. a mutual fund b. the stock market c. a U.S. government bond d. a wealthy individual who regularly buys and holds large quantities of government bonds
If bond prices rise,
A) interest rates rise, which in turn, discourage investment. B) interest rates fall, which in turn, discourage investment. C) interest rates rise, which in turn, stimulate investment. D) interest rates fall, which in turn, stimulate investment.