If a country lacks ________, economic growth ________
A) a democratic form of government; cannot occur
B) a proper incentive system; cannot occur
C) pure capitalism; will be slower compared to other countries
D) a proper incentive system; will occur at a pace suggested by the new growth theory
E) economic freedom; will increase at a faster pace
B
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Index funds
a. buy all the stocks in a given stock index. b. promise to beat the market by a certain percentage known as an index. c. provide a return that is adjusted for changes in the consumer price index. d. buy industries within a particular category of the North American Industry Classification System.
Which of the following prohibits exclusive dealing?
A. The Sherman Act. B. The Federal Trade Commission Act. C. The Clayton Act. D. Case decisions, such as those for AT&T and IBM.
Draw the demand for and supply of the U.S. dollar in each of the following cases. Diagram and explain in words the effect of each of the following events in the short run. Make sure to properly label the axes. In each case, assume the two countries under consideration are important trading partners. (a) There is an increase in the real interest rates in the United States relative to Japan. (b)
Investment returns in the United States decrease relative to expected returns in Japan. (c) Inflation in Japan fell relative to the inflation rate in the United States. (d) The Japanese expect the value of the U.S. dollar to decline. (e) The Federal Reserve raised interest rates fearing the inflationary pressures of a booming U.S. economy. What will be an ideal response?
The change in consumption brought about by a change in purchasing power of savings that results from a change in the price level is the
A. real wealth effect. B. interest rate effect. C. consumption effect. D. money supply effect.