Economic growth is severely impeded in economies:
A. with a lack of clear property rights.
B. with a strong market system.
C. with high rates of convergence.
D. which encourage induced innovation.
Answer: A
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According to this Application, a bank will be required to develop an analytical model to determine what would happen if there was a ________ change in economic conditions, such as a large ________ in unemployment
A) positive; decrease B) negative; decrease C) positive; increase D) negative; increase
The difference between the value of a country's merchandise exports and merchandise imports is known as the balance: a. of payments
b. of trade. c. on current account. d. on capital account.
If a firm is found guilty of violating any of the European Union competition laws, courts ________ impose fines and ________ sentence managers who have violated the law to jail.
A) can; cannot B) cannot; cannot C) can; can D) cannot; can
An increase in the required reserve ratio by the Federal Reserve would:
a. cause M1 to contract. b. cause M1 to expand. c. have no effect on M1 or M2. d. affect only M2, not M1.