A growth process whereby relatively poorer nations increase their income by taking advantage of knowledge and technologies already invented in other, technologically more advanced countries is referred to as:

Which of the following is not crucial to the Harrod-Domar model?

a. population growth rate b. marginal propensity to save c. incremental capital-output ratio d. marginal propensity to consume e. all were crucial to the Harrod-Domar model

Professional sports leagues, like the NFL and the NBA, are good examples of monopsony because:

A. They are dominant providers of sports entertainment B. They are the only employers of professional athletes in their respective sports C. They are large corporations owned be small groups D. They operate large facilities and stadiums