Which of the following can be a barrier to an LDC's economic growth and development?
A. low population growth
B. a low level of human capital
C. faster capital accumulation
D. too much infrastructure
Answer: B
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A family's summer house on Cape Cod pays a return in the form of
A) interest rate. B) capital gains. C) the pleasure of vacations at the beach. D) stock options. E) capital gains and pleasure.
The CPIC ________.
A) overcomes the sources of bias in the CPI by eliminating measures of the goods and services with the most volatile prices B) overcomes the sources of bias in the CPI by incorporating substitutions and using current and previous period quantities C) does not overcome the source of bias in the CPI D) overcomes the sources of bias in the CPI by always using discount store prices E) overcomes the sources of bias in the CPI by giving extra weight to the measures of the goods and services with the most volatile prices
Which of the following is true?
A) Entrepreneurs are under-represented among millionaires. B) All of the above are true. C) The parents of successful entrepreneurs almost always have at least a college education. D) Successful entrepreneurs are good at discovering profitable opportunities that have been overlooked by others.
Which is an important problem associated with the public debt?
A. Government borrowing to finance the debt may increase the level of private investment. B. Payments of interest on the debt lead to greater income equality. C. Payment of interest on the debt held by foreigners transfers real resources abroad. D. Interest payments on the debt tend to improve economic incentives to work and produce more unemployment.