Which of the following would be most likely to encourage capital formation in a less-developed country?
a. the expectation of sustained high inflation
b. the expectation that property rights will be highly secure in the years ahead
c. the imposition of high tariffs and other restraints limiting imports
d. higher personal and corporate tax rates
B
Economics
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If the value of marginal product of the last worker hired is $24 and the wage rate is $25, then
A) more workers should be hired. B) the worker should be fired. C) the firm has hired the profit maximizing number of workers. D) the firm is earning $1 of profit from this worker.
Economics
Economists working at federal government agencies have estimated that the marginal social cost of carbon is about
A) $2 per ton. B) $9 per ton. C) $21 per ton. D) $47 per ton.
Economics