Over the post-war era, poorer countries grew
A) faster.
B) slower.
C) stayed the same.
D) grew faster, then grew slower.
E) No general tendency can be found.
E
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Automatic stabilizers have the effect of
A) increasing aggregate demand during a recessionary ga
Economic costs of an input include
A) only implicit costs. B) only explicit costs. C) both implicit and explicit costs. D) whatever management wishes to report to the shareholders.
An increase in the inflation rate of one country relative to another country will probably cause
A) an increase in exports for the inflating country. B) a balance of trade deficit for the inflating country. C) a current account surplus for the inflating country. D) an increase in the amount of official reserves held by the inflating country's central bank.
Which of the following is NOT an asset of commercial banks?
A. home mortgages B. business loans C. savings deposits D. consumer loans