Which of the following is an obstacle to economic growth?
a. Political instability
b. Government support for private industry
c. Slow population growth
d. Enforcement of private property rights
e. The inability of special interest groups to block changes in economic policy
a
You might also like to view...
The exchange rate system followed by the United States is known as
A) the gold standard. B) a fixed exchange rate system. C) a flexible exchange rate system. D) a barter system.
The quantity of tickets demanded to the Super Bowl is always greater than the quantity supplied. Which of the following in the best explanation why the National Football League does not raise the price of tickets to the level where the quantity demanded
equals the quantity supplied? A) Raising the price would reduce the demand for tickets; there would then be a surplus and the game would not sell out. B) The cost of raising the price and printing new tickets would exceed the revenue the NFL would receive from higher ticket prices. C) The demand for Super Bowl tickets is elastic; raising the price would reduce total revenue. D) The NFL is concerned that raising ticket prices would be considered unfair.