Darius’s country and Selim’s country each have educated workers and plenty of factories, machines, and tools. However, Darius’s country has greater output and a higher economic growth rate. What is most likely the cause of this?
a. Darius’s country has a greater quantity and quality of natural resources.
b. The population of Selim’s country is much larger.
c. Selim’s country has a more extensive and reliable infrastructure network.
d. The government in Darius’s country does not enforce the rule of law.
a. Darius’s country has a greater quantity and quality of natural resources.
Economics
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If a bank receives a new deposit of $10,000 . and the required reserve ratio is 25 percent, then the new money that can be created by the banking system, including the initial deposit, is:
a. $25,000. b. $2,500. c. $4,000. d. $40,000. e. $10,000.
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