Institutional barriers that impede human and physical capital investment are known as
A. The discouraged worker gap.
B. An illiteracy trap.
C. The human capital effect.
D. An inequality trap.
Answer: D
Economics
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If supporters of restrictions on imports argue that protection is needed to preserve a strategic industry, which of the following is being used?
A) Protecting national culture argument B) Infant-industry argument C) Save domestic jobs argument D) National security argument E) Dumping argument
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Ceteris paribus, Real GDP and the unemployment rate are
A) directly related. B) inversely related. C) unrelated. D) directly related when GDP is below its natural level and inversely related when GDP is above its natural level.
Economics