Which of the following is most important if a country is going to grow rapidly and achieve a high level of per capita income?
a. an abundance of natural resources
b. a warm moist climate
c. a small population relative to the geographic size of the country
d. institutions and policies that encourage people to engage in productive activities
D
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A key point made by the Gordon-Growth model is that the
A) value of a stock depends on investor's expectations about the future profitability of a firm. B) past trends in a stock's behavior indicate future price trends. C) dividends have little to do with a stock's value. D) risk has little effect on a stock's value.
An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price
A. To rise and equilibrium quantity to fall. B. And equilibrium quantity to fall. C. To fall and equilibrium quantity to rise. D. And equilibrium quantity to rise.