According to Simon Kuznets, which of the following is likely to induce economic growth in the automobile industry of a country?
a. An increase in the amount of labor used in the industry
b. A government subsidy for automobile production
c. An increase in the import of spare parts for the engines
d. An increase in the number of paint bays per factory
e. The replacement of manual assembly lines with robots
e
You might also like to view...
Which of the following is a true statement about equilibrium in the foreign exchange market?
A) Net exports are zero. B) The expected return on domestic assets is equal to the expected return on foreign assets. C) Foreigners wish to purchase the entire supply of domestic assets. D) The relevant central banks meet regularly to choose the equilibrium exchange rate.
The CPI but not the GDP deflator takes into account
a. The prices of imports that consumers buy b. Investment goods bought by businesses c. Goods bought by the government d. None of the above