Which of the following is false?
a. Generally speaking, higher levels of saving will lead to higher levels of investment and capital formation and, therefore, to greater economic growth.
b. Economic growth rates tend to be higher in countries where the government enforces property rights
c. Investment alone does not guarantee economic growth, which hinges importantly on the quality and the type of investment as well.
d. None of the above are false; all are true.
d
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The marginal product of capital (MPK) measures ________
A) by how much output increases for each additional unit of capital B) by how much capital increases for each additional unit of output C) by how much capital increases for each additional unit of labor D) by how much total factor productivity increases for each additional unit of capital E) none of the above
A firm's marginal product curve slopes downward throughout its length
a. True b. False Indicate whether the statement is true or false
A rise in the price of oil would be most likely to cause which of the following in the United States?
a. an economic boom b. an economic slowdown or recession c. a decrease in the general level of prices d. an increase in aggregate demand
The nineteenth-century British economist Thomas Malthus argued that the law of diminishing returns implied that
A. raw materials would eventually run out. B. eventual misery would befall the human race. C. technological change would grow at an increasing pace. D. capital would increase relative to labor.