There are several institutional structures that promote and sustain economic growth. These factors include:
What will be an ideal response?
efficient financial institutions, education, free trade, patent and copyrights, property rights and competitive market system
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Refer to Table 16.2. Nominal GDP for Fredonia for 2016 equals
A) $2,750. B) $3,500. C) $4,325. D) $5,500.
A resident of the U.S. just purchased a share of stock on the London stock market. As far as the U.S. balance of payments this purchase will
A) have no influence on the balance of payments since stock is not a good or service. B) be entered as a unilateral transfer in the current account. C) be entered in the capital account. D) require special drawing rights.
Suppose a lottery ticket costs $1and has a jackpot of $1,000 . What must the probability of winning nothing be if the bet is fair?
a. 99% b. 99.9% c. 99.999% d. 99.9999%
An analysis approach that considers the relationship of a proposed policy to social objectives is called ...
a. Contingent valuation b. Cost-effectiveness analysis c. Hedonic pricing d. Positional analysis e. Risk aversion