The neoclassical growth theory implies that
A) the marginal product of capital is low in poor countries.
B) the rate of return on capital is low in poor countries.
C) there should be large flows of capital from rich countries to poor countries.
D) all of the above.
C
Economics
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The more closely substitutable are two goods, the
A) more normal looking is the indifference curve for the two items. B) more closely the indifference curve for these two items approximates a straight line. C) more tightly curved is the indifference curve for these items. D) None of the above answers is correct.
Economics
Today, the share of international trade in U.S. GDP is
A) almost 0 percent. B) about 10 percent. C) close to 30 percent. D) more than 99 percent.
Economics