Congestion taxes tend to cause an increase in traffic volume during rush hours.
Answer the following statement true (T) or false (F)
False
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Economic growth is the result of two major or general "determinants":
A) capital and autonomous planned spending. B) capital per capita and autonomous planned spending. C) capital per capita and autonomous growth factors. D) saving and autonomous growth factors.
According to the neoclassical growth model, economic growth in the steady state occurs because of
a. increasing populations, which increase the demand for consumption. b. exogenous increases in technology. c. international trade. d. active governments, which stimulate consumption through government spending. e. all of the above.
The most complicated form of business ownership is the sole proprietorship
Indicate whether the statement is true or false
The official policy of Lolita’s government is that while some consumption is good, a significant percentage of a person’s earnings should be saved. Why is this policy good for economic growth?
a. It prevents money from leaving the country. b. It reduces consumption of scarce natural resources. c. Saving is a form of human capital. d. Saving leads to more investment and capital formation.