Which of the following is a precondition for economic growth?
A) a high level of technology
B) a high K/L ratio
C) the rule of law
D) free trade
E) a civil war
Correct Answer:
Verified
Q1: The goal of economic development is for
Q2: In the low- and middle income countries
Q3: GDP per capita in the high-income countries
Q4: GDP per capita in low-income countries is
Q6: The rule of law is important to
Q7: Which of the following is not one
Q8: Which of the following countries has a
Q9: In order for GDP per capita to
Q10: The graphical relationship between real GDP and
Q11: The production function:
A) is linear.
B) is undefined
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