The political structure that is most consistent with economic growth and progress is
A) a dictatorship.
B) centralization of power in the hands of an elected legislature and a president or prime minister.
C) limited government, protection of individuals from aggression by others, and decentralized political decision-making.
D) rule by the majority.
C) limited government, protection of individuals from aggression by others, and decentralized political decision-making.
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The experience of the HPAEs has brought attention to predictions about income inequality made by Kuznets. He predicted that at first income inequality would ________ as economies began to develop. In the HPAEs experience it ________
A) rise; rose B) decrease; decreased C) rise; fell D) fall; rose E) There was no pattern.
The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are too willing to offer discounts b. the sales staff does not want to negotiate aggressively enough c. the Vice President wants to negotiate too aggressively d. the Vice President is more willing to offer discounts to make the sale
Why do many economists believe that tariffs are not necessary for national security reasons?
a. Tariffs lower unemployment in the affected industry but raise it elsewhere in the economy. b. Imposing tariffs increases dependence on domestic supplies and will deplete them faster. c. Young industries can be protected through subsidies and other means besides tariffs. d. Using foreign suppliers is most helpful during wartime, and tariffs can harm foreign allies.
The type of tax receipts that has shown the slowest growth since World War II has been
A. personal taxes. B. contributions for social insurance. C. taxes on production and imports. D. corporate taxes.