Hong Kong is an example of an economy that
A) does not experience economic growth because it is not a democracy.
B) experiences economic growth in spite of the fact that is lacks democratic freedom.
C) grows more slowly than other Asian countries because property rights are not valued.
D) needs to promote investment so that economic growth can occur.
E) lacks economic freedom and therefore experiences the slowest economic growth of all developed economies.
B
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If a country chooses to have a monetary policy oriented toward domestic goals and the freedom of international capital movements, then
A) it can have a fixed exchange rate. B) it cannot have a fixed exchange rate. C) it cannot balance its current account. D) it cannot have a fiscal policy oriented toward domestic goals. E) it cannot control money supply growth.
A seller with market power has greater command over product price compared to a perfect competitor and is thus less enthusiastic in devising new ways to create economic value
Indicate whether the statement is true or false
Which of the following events would bring about a change in the value of the marginal product of labor?
a. technological progress that alters the amount a worker can produce b. a change in the marginal product of labor c. a change in the price of the product that the firm sells d. All of the above are correct.
If import restrictions prohibit foreigners from selling various goods and services in the U.S. market,
What will be an ideal response?