Which country has experience the highest GDP growth in recent years?
A. China
B. USA
C. Russia
D. Greece
Answer: A. China
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The Romer model is distinct from the Solow model in that the former assumes that ________
A) technology is fixed B) an increase in price affects quantity demanded, rather than demand C) some labor is devoted to producing new technology D) output per worker is fixed
Which of the following is accurately predicted by GDP?
a. production b. education c. health d. environmental protection
It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation. B. credentialism. C. cretinism. D. diplomacy.
Which of the following is NOT an example of a barrier to entry?
A. Rare natural minerals B. Heavy government regulations C. Lower costs D. Scarce land