Japan is a nation of over 6,800 islands,none of which is very large.The largest island,Honshu,is roughly the same size as the state of Montana in the western United States.Does this mean that Japan is destined to have low economic growth and standards of living?
A) Yes, if Japan cannot grow enough food, it will never prosper.
B) No, as long as Japan keeps its taxes low, it will prosper.
C) No, Japan is rich in other resources and has advanced levels of technology.
D) Yes, Japan also lacks institutions like private-property rights.
E) Yes, having so little land means there is no room to produce goods and services.
Correct Answer:
Verified
Q58: James has worked for the same company
Q59: In 2009,per capita real gross domestic product
Q60: In 2005,per capita real gross domestic product
Q61: From 2006 to 2010,per capita real gross
Q61: An example of physical capital is
A) exhaust
Q62: Which of the following are the three
Q65: From 2006 to 2010,per capita real gross
Q67: In 1950,Nicaragua and Brazil had roughly the
Q69: Resources are
A) the output that firms produce.
B)
Q74: A(n)_ in the amount of resources will
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents