One major aspect of the sociocultural-political environment of the United States that has generally been conducive to economic growth is the:
A. favorable attitude toward work and risk-taking.
B. denial of the rights of property ownership.
C. enforcement of contracts by the market.
D. strict social regulation of production and progress.
Answer: A
You might also like to view...
Darren loves to go to the movies, and he just learned that he can buy a ticket at a discounted price using his student ID. Darren now attends movies even more often. The change in Darren's behavior would be shown graphically by a:
A. rightward shift in his demand curve. B. leftward shift in his demand curve. C. movement down along his demand curve. D. movement up along his demand curve.
Three of the four events described below might reasonably be expected to shift the demand curve for beef to a new position. One would not shift that demand curve. The single exception is a(n):
a. change in people's tastes for beef. b. increase in the money incomes of beef consumers. c. fall in the price of beef. d. change in the price of a product competitive with beef (e.g. pork).
Explain the significance of economic institutions in international trade
In what way is each and every one of the economies of the more than 200 countries of the world similar?
A. all use the same macroeconomic policies B. each focuses on a Keynesian perspective C. all have their own distinctive characteristics D. each focuses on a neoclassical perspective