Educational policy in most developing countries focuses too much on primary and secondary education and not enough on higher education.
Answer the following statement true (T) or false (F)
False
Most educational systems in developing countries are modeled on the educational systems of developed countries and give too much weight to higher education. While students graduate with degrees, they still lack some functional, necessary skills.
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Property and casualty insurance companies tend to invest heavily in municipal bonds because
A) the bonds have higher yields than corporate bonds. B) property and casualty insurance companies are required by regulators to hold at least 20 percent of their assets in the form of municipal bonds. C) the bonds are tax-exempt. D) they hold large state and local government pension funds, thus requiring them to hold an equal amount of municipal bonds.
Many economists refer to the Keynesian analysis as the “Keynesian revolution.” How was Keynesian analysis “revolutionary” in comparison to the classical doctrine?
What will be an ideal response?
Yesterday the exchange rate was €1 = $1.30, and today it is €1 = $1.35. In this case the dollar has appreciated.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
1. Physical capital generally has a positive impact on economic growth, but a negative impact on labor productivity. 2. If Keely’s company has 200,000 acres of farmland and adds 10 new workers to its team every year, the quantity of capital per worker will rise, but it will rise less and less every year. 3. In a country with little capital, a small increase in capital will result in a large increase in productivity. 4. The effects of diminishing marginal returns to capital are inescapable and cannot be mitigated. 5. According to Paul Romer, continuous innovation can result in unending economic growth.