Countries that start with very little physical capital will get a:
A. similar return from adding a unit of capital than a country that starts at a higher initial level will.
B. higher return from adding a unit of capital the more natural resources they possess.
C. lower return from adding a unit of capital than a country that starts at a higher initial level will.
D. higher return from adding a unit of capital than a country that starts at a higher initial level will.
Answer: D
You might also like to view...
A bank faces a required reserve ratio of 5 percent. If the bank has $200 million of checkable deposits and $15 million of total reserves, then how large are the bank's excess reserves?
Adam Smith believed that the rich derive the most enjoyment from their wealth by knowing that others observe their consumption
Indicate whether the statement is true or false
Brady, a farmer, exchanges three bushels of apples for two pairs of shoes made by Jeff, a cobbler. We can say that Brady and Jeff are parts of a: a. barter economy
b. capitalistic economy. c. socialistic economy. d. mixed economy.
______________ goods satisfy wants directly, whereas ___________ goods do so indirectly.
a. Capital; consumer b. Consumer; capital c. Future; capital d. Demand; supply e. Present; future