Economic growth tends to be higher in a country that
A) has a low savings rate.
B) does not grant patents to inventors.
C) has an economy open to international trade.
D) has an undeveloped system of property rights.
Correct Answer:
Verified
Q27: Countries or regions in which real GDP
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Q29: Since 1960, which of the following countries
Q30: The curvature of the production function shows
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A)dollar value
Q33: Using the Rule of 70, if the
Q34: Activities that encourage faster growth are
A)taxes on
Q35: The real wage rate equals
A)(money wage rate)×
Q36: If the price level rises by 4
Q37: If the labour market is in equilibrium
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