Many economists view resource scarcity as a:
A) major obstacle to long-run economic growth.
B) problem resolved fairly well by the market mechanism.
C) primary reason for poor countries' lack of economic growth.
D) problem for wealthy countries but not for poorer countries.
Correct Answer:
Verified
Q306: Factors contributing to differences in countries' growth
Q307: Large technological gains often result:
A)in immediate rapid
Q308: Natural resources:
A)are still the most important factor
Q309: Use the following to answer questions:
Scenario: Capital
An
Q310: Investment spending:
A)must be paid for by consumption
Q311: Many economists agree that environmental damage from
Q312: When a country utilizes more physical capital
Q313: Total factor productivity:
A)is the amount of output
Q315: To hinder growth, a government might:
A)provide basic
Q316: In 2010, China saved:
A)less than the United
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