Which of the following institutions do economists see as necessary for economic growth?
A. private property rights
B. efficient taxes
C. stable money and prices
D. representative democracy
Ans: A. private property rights
B. efficient taxes
C. stable money and prices
You might also like to view...
Which of the following makes the Consumer Price Index a less accurate measure of the cost of living?
i. The monthly price survey conducted to collect information about prices is very unreliable. ii. The existence of a new goods bias in the calculation of the CPI iii. The existence of a quality change bias in the calculation of the CPI A) i, ii, and iii B) i and ii C) i only D) ii only E) ii and iii
The size of the test
A) is the probability of committing a type I error. B) is the same as the sample size. C) is always equal to (1-the power of test). D) can be greater than 1 in extreme examples.
A Gini coefficient based on population deciles tends to be lower than a Gini coefficient based on income
Indicate whether the statement is true or false
When Toyota introduced the new Prius in the United States, which of the following occurred?
A The hybrid car was not as successful as expected. B The costs of manufacturing were too high and Toyota had to stop production. D All of the above C Toyota confronted the risk of making large investments and the uncertainly over future oil prices.