Which of the following factors has been suggested as an explanation for the lack of economic growth in many poor nations?
A. a lack of dependence on the already developed nations
B. the supply of human resources is too high.
C. inadequate level of resources
D. insufficient capital formation
Answer: D
You might also like to view...
Tobin's model of the speculative demand for money shows that people hold money as a store of wealth as a way of
A) reducing risk. B) reducing income. C) avoiding taxes. D) reducing transactions cost.
The Fed greatly increased the monetary base in 2009 and 2010 by purchasing assets in an attempt to boost the economy, while making it known that they intended on selling these assets once the economy showed signs of stability, and at the same time
keep a watchful eye on possible inflation. The Fed's inflation expectations would most likely be considered as ________, and the Fed was able to increase the monetary base without causing expected inflation to increase because their intentions and statements were generally considered ________. A) adaptive; not credible B) adaptive; credible C) rational; not credible D) rational; credible
The marginal revenue product (MRP) is the:
a. value of the additional output that an extra unit of a resource can produce. b. cost of hiring an additional unit of a resource. c. extra cost of producing an additional unit of output. d. increase in total output when an additional unit of an input is hired. e. change in total revenue when an additional unit of a good is sold.
An optimal purchase is one that maximizes total utility.
Answer the following statement true (T) or false (F)