The underlying assumption of the Harrod-Domar growth model is that
a. the incremental capital-output ratio is given by k ? Y/K.
b. growth is mainly determined by capital accumulation.
c. growth can be sustained only if agricultural productivity rises.
d. developing countries save too much and invest too little.
B
Economics
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A bank run occurs when:
A) a bank experiences an extraordinarily large volume of withdrawals. B) a bank sells its assets to its own stockholders. C) the central monetary authority regulates the functioning of banks. D) a bank's assets exceeds its liabilities.
Economics
Ultimately, quotas ________ the ability of foreign countries to buy the domestic country's exports and therefore ________ wealth
A) increase; create B) increase; destroy C) reduce; create D) reduce; destroy
Economics