A country that has demonstrated the ability to catch up to the technology leaders by investing in both physical and human capital is called
a. a dependent economy.
b. a converging economy.
c. an advancing economy.
d. a predatory economy.
b. a converging economy.
Economics
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By specialization and trade, two individuals can
A) consume at a point beyond their individual production possibilities frontiers. B) increase their comparative advantage. C) increase their absolute advantage. D) shift their individual production possibilities frontiers outward.
Economics
A change in which of the following variables will cause a shift of the IS curve in the current period?
A) the current interest rate B) current output C) current taxes D) all of the above E) none of the above
Economics