Which of the following would be most likely to enhance the growth rate of an economy?
What will be an ideal response?
gradual elimination of all tariffs over the next 10 years
You might also like to view...
Suppose two countries have per capita real GDP of $20,000 in 2012. Country A has a growth rate of 4 percent and Country B has a growth rate of 5 percent. By 2015, the per capita real GDPs for the two countries, respectively, are (rounded)
A) $21,630 and $22,050. B) $22,400 and $23,000. C) $22,500 and $23,150. D) $25,000 and $26,500.
Which of the following about trade is true?
a. Trade does not produce anything new; therefore, it cannot create value. b. The value of a good is determined by the cost of the material resources required for its production. c. The value of a good generally depends on who uses it and circumstances such as when and where it is used. d. All of the above are true.
Which of the following is not a problem with barter?
a. Determining and remembering the prices of everything you want to buy in terms of the goods and services you want to sell. b. Dividing assets into convenient, small denominations that can be spent. c. Finding an asset that cannot be duplicated and manipulated by the government. d. Having a mutual coincidence of wants and surpluses with trading partners. e. All of the above are problems.
an increase in marginal tax rates will
What will be an ideal response?