The presence of government corruption in some countries
A) slows their economic growth.
B) speeds their economic growth.
C) invalidates the new growth theory's predictions.
D) supports the classical growth theory's predictions.
E) invalidates the neoclassical growth theory's predictions.
A
You might also like to view...
What was the thesis to James O'Neill's paper where he introduced the BRIC acronym?
A) These nations were going to collapse. B) These were failing states and thus a treat to global stability. C) These economies were moribund and needed IMF assistance. D) These nations had the potential to change global trade and capital flows. E) These nations would repeat the patterns of development and business cycles as the United States and Europe had in their economic history.
If you deposit $500 into a savings deposit, the immediate effect (do not consider the money multiplier which we will study in the next chapter) is:
a. M1 rises, M2 falls, and the monetary base remains the same. b. M1 falls, M2 remains the same, and the monetary base remains the same. c. M1 rises, M2 rises, and the monetary base remains the same. d. M1, M2, and the monetary base rise. e. M1, M2, and the monetary base fall.
A firm operating in a perfectly competitive industry will continue to operate if it earns zero economic profits because it is likely to be earning positive accounting profits
a. True b. False Indicate whether the statement is true or false
Total product divided by the variable input is
A. average total cost. B. average product. C. marginal cost. D. marginal product.