For this question assume that technological progress does not occur. The rate of saving in Canada has generally been greater than the saving rate in the U.S. Given this information, we know that in the long run
A) Canada's growth rate will be greater than the U.S. growth rate.
B) investment per worker in Canada will be no different than U.S. investment per worker.
C) capital per worker in Canada will be no different than U.S. capital per worker.
D) all of the above
E) none of the above
E
You might also like to view...
A monopolist that operates along the elastic range of its demand will find that
A) its total revenue increases when price decreases. B) its total revenue decreases when price decreases. C) its marginal revenue is negative. D) it is more profitable to operate along the inelastic range of the demand curve.
Which of the following three actions would not be used by the Fed to influence interest rates?
a. selling securities b. buying stocks c. setting reserve requirements d. changing the discount rate e. moral suasion