Why might population growth and immigration stimulate economic growth?
What will be an ideal response?
Faster population growth means the pool of innovators is larger, and innovation leads to more growth. Further, immigrants tend to be entrepreneurial and help stimulate innovation and growth.
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What would be an example of consumption service?
A) Rhianna gets a haircut. B) Jake buys an iPhone. C) Antonio, the manager of the local Taco Hut, purchases a new deep fryer. D) The local driver's license office purchases a new digital camera and printer. E) Donald Trump purchases furniture for his office.
The PPP theory says that in the long run the exchange rate between two currencies should move toward __________ the cost in each country of an identical basket of internationally traded goods
a. equalizing b. minimizing c. maximizing d. reducing to zero e. disequilibrating