The dictator of a country requires that companies planning to open or expand must pay a large fee to file an application one year prior to building new factories or expanding existing ones. Other things the same, in the long run this requirement would
a. reduce real GDP per person and productivity.
b. reduce real GDP per person but not productivity.
c. reduce productivity but not real GDP per person.
d. None of the above is correct.
a
Economics
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Open market operations directly change the rate of interest at which banks can borrow funds from the Fed
a. True b. False Indicate whether the statement is true or false
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The majority of payments made by the federal government are for
a. transfer payments. b. administrative expenses. c. foreign aid. d. defense purchases
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