Which of the following affects the rate of economic growth?
a. the quality of available resources.
b. the quantity of available resources.
c. technological change
d. all of the above.
d
You might also like to view...
Which of the following statements is TRUE?
a. The HeckscherOhlin model offers a reasonable explanation of the pattern of trade and the gains from trade. b. The HeckscherOhlin trade model does not offer an explanation of the pattern of trade. c. The HeckscherOhlin trade model does not offer an explanation of the gains from trade. d. The Riparian trade model (with labor as the only input) offers a better explanation of the pattern of trade and the gains from trade than the HeckscherOhlin model.
"Crowding in" refers to federal government deficits:
a. which reduce future rates of economic growth. b. used for public infrastructure will offset any decline in business investment. c. All of the answers are correct. d. which reduce private business and consumption spending.