The nominal interest rate tells you how fast the number of dollars in your bank account rises over time
a. True
b. False
Indicate whether the statement is true or false
True
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Explain the concept of diminishing returns
What will be an ideal response?
Which of the following is the national security argument against free trade?
A) A country must protect firms from dumping by foreign companies. B) A country must protect new industries to give them a chance to mature before facing foreign competition. C) A country must protect its consumers from foreign influences. D) A country must protect industries that produce defense equipment and armaments. E) A country must preserve its jobs.
Write an essay on the national defense argument for tariffs. Include in your discussion points in favor of this idea as well as problems with its implementation. Is protection the best policy to achieve the stated ends? Explain
What will be an ideal response?
Suppose a nation's rate of growth of per capita real Gross Domestic Product (GDP) is 1 percent and its rate of growth in real GDP is 3 percent. Given this information, the nation's population growth rate is approximately equal to
A. 3 percent. B. -2 percent. C. 2 percent. D. None of these: Cannot be determined with the information.