Ethiopia provides a counterexample to the claim
A) central economic planning doesn't work well.
B) nations are poor because they are subject to exploitation by nations with superior military power.
C) a nation can move to the ranks of the wealthiest in the world with few natural resources.
D) the rule of law is necessary for economic growth.
B
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The proportion of the total population aged 0–15 and over 65, is known as the
(a) dependency burden. (b) unproductive population. (c) surplus labor. (d) population momentum.
Which of the following creates an obstacle to pursuing freer international trade?
a. Consumers do not recognize their potential gains b. Losses are widespread c. Domestic producers do not recognize their potential losses d. Government has plenty of political will and support to remove trade barriers e. Consumers can easily organize to demand free trade
Which of the following is NOT an example of an activity with external benefits?
A. Having your car's faulty exhaust system repaired B. Eating a sandwich in the dining hall C. Installing smoke alarms in your house D. Planting flowers in your front yard
Does an expansionary gap or a recessionary gap exist if short-run output is $18.2 trillion and potential output is $18.0 trillion?
What will be an ideal response?