Which of the following institutional arrangements is most likely to promote growth?
A. Patents and copyrights that expire quickly and are loosely enforced.
B. Strong government control over resource allocation decisions.
C. Unrestricted trade between nations.
D. All of these.
C. Unrestricted trade between nations
Economics
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Which of the following is NOT a requirement in selecting a policy instrument?
A) measurability B) controllability C) flexibility D) predictability
Economics
Because private firms cannot make money pricing at marginal cost for collective consumption goods, government must produce collective consumption goods for them to exist
a. True b. False
Economics