Which of the following can be a barrier to an LDC's economic growth and development?
a. Low population growth. b. A low level of human capital.
c. Faster capital accumulation. d. More infrastructure.
b
You might also like to view...
The incentive for managers of a government-operated firm (for example, a state university or the U.S. Post Office) to operate efficiently will be
a. low because all government workers are lazy. b. low because there are no residual claimants to monitor and institute cost-reducing measures. c. high because government employees and officials will be less concerned with personal gain. d. high because voters can easily detect those who are to blame for inefficiencies and replace them.
The supply of loanable funds curve shows:
a. a negative relationship between the interest rate and the quantity of loanable funds. b. a positive relationship between the interest rate and the quantity of loanable funds. c. an indirect relationship between the marginal rate of return on investment and the quantity of loanable funds. d. a negative relationship between the expected marginal rate of return on investment and the quantity of loanable funds.
Figure 6.4 represents a perfectly competitive firm's costs. Illustrate the firm's short-run supply curve on the graph. Explain.
What will be an ideal response?
Why is the interest rate such an important price in the economy?
What will be an ideal response?