If a nation is going to achieve and sustain a high rate of economic growth, it must
What will be an ideal response?
have a mechanism capable of attracting savings and channeling them into wealth-creating projects.
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The United States and Brazil are competitors in the world soybean market. In the late 1960s and early 1970s, the Brazilian government developed regulations designed to encourage Brazilian soybean production and exports
An unanticipated effect of the Brazilian regulations was to stimulate U.S. soybean production and exports. The type of economic analysis that would explain and predict these effects is called A) closed economy macroeconomics. B) international economics. C) partial equilibrium analysis. D) full market analysis. E) general equilibrium analysis.
Changes to the price level affect consumers’ purchasing power; therefore, it will most likely impact their
A. purchases on credit. B. remittances. C. wealth. D. disposable income.
If a new shopping mall is built on the outskirts of a town, we can expect
a. location rent on commercially developed, downtown land to be unaffected b. lands near the new mall to receive location rent c. commercially developed, downtown land rent to rise because competition for downtown lands will have weakened d. lands near the new mall to receive zero location rent e. location rent for commercially developed, downtown land to increase
If a country's imports are greater than its exports, a country has a trade deficit.
Answer the following statement true (T) or false (F)