Over time, technology tends to:
A. set countries apart in terms of productivity.
B. allow developing nations to experience the "catch-up" effect.
C. diminish in nations that are still developing.
D. spread from country to country, equalizing opportunity costs.
D. spread from country to country, equalizing opportunity costs.
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When the profits of a corporation are taxed and the dividends paid to stockholders are also taxed
A) the government is engaging in double taxation. B) the government is engaging in capital gains taxation. C) the government is engaging in regressive taxation. D) the government is engaging in progressive taxation.
Assume that Paris First National Bank is a thriving bank with deposits of $20 million. If the required reserve ratio is 20 percent and the bank is fully loaned out, the bank will keep what amount of required reserves?
a. $2 million. b. $4 million. c. $10 million. d. $16 million. e. $20 million.
In the short run the firm has no more than one fixed input
a. True b. False Indicate whether the statement is true or false
Which of the following statements about a cost-push inflation is correct?
What will be an ideal response?