The experience of the former Soviet bloc countries illustrates that high rates of investment may fail to promote rapid economic growth when a country
A) uses central government planning rather than capital markets to allocate investment funds.
B) has a strong education system.
C) has secure property rights.
D) has a tax system that encourages savings.
Correct Answer:
Verified
Q29: In a world of perfect knowledge and
Q30: If profit-seeking major oil companies began to
Q31: Entrepreneurship is characterized by
A) the ability to
Q32: Capital markets will channel funds efficiently into
Q33: Economic profit that stems from entrepreneurship reflects
A)
Q35: Economic profit provides an incentive for persons
Q36: When an investment project generates output that
Q37: Most of the income of Americans comes
Q38: In a world of imperfect knowledge and
Q39: When investment funds are allocated by government
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