Differences in the stock of physical capital between nations are an example of a(n):
A) implicit cause of prosperity. B) proximate cause of prosperity.
C) fundamental cause of prosperity. D) explicit cause of prosperity.
B
Economics
You might also like to view...
Refer to the Article Summary. The additional tax of $2 per pack of cigarettes being proposed by Senator Pan would have which of the following effects on the market for cigarettes in California?
A) Producer surplus will increase. B) Market efficiency will increase. C) Deadweight loss will decrease. D) Consumer surplus will decrease.
Economics
Fluctuating interest rates tend to cause large changes in real output when the
A) IS curve is flat. B) IS curve is steep. C) LM curve is flat. D) LM curve is steep.
Economics