Are developing countries experiencing a demographic transition much like the one developed countries did at their earlier stages of economic development or are there important differences?
What will be an ideal response?
The demographic transition is broadly similar for middle-income countries although death rates have fallen more quickly. In some low income countries birth rates remain stubbornly high, while death rates have declined.
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Stricter laws and regulations to protect intellectual property rights
A) will tend to have little impact on an economy since intellectual property is not tangible. B) will create a stronger and more successful black market for intellectual property. C) will help to create a more successful market system. D) will only benefit those companies whose intellectual property rights have in the past been ignored.
Which of the following is not a way in which high inflation reduces productivity?
a. High rates of inflation increase menu costs. b. Rapid inflation destroys work incentives and encourages speculation. c. Variable rates of inflation create insecurity. d. High inflation rates also have the power to deteriorate international competitiveness. e. High rates of expected inflation increase the real interest rate and thus reduce investment.