If a nation is going to achieve and sustain a high rate of economic growth, it must
a. prohibit low-wage foreign producers from supplying goods to the domestic market.
b. have an abundant domestic supply of low cost energy resources.
c. have a mechanism capable of attracting savings and channeling them into wealth-creating projects.
d. impose regulations that will limit the intensity of competition among domestic firms.
C
Economics
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The study of factors that contribute to the economic growth of a country is known as
A) savings economics. B) entrepreneurial economics. C) natural resource economics. D) development economics.
Economics
If economists forecast a decrease in aggregate expenditure, which of the following is likely to occur?
A) Inventories will fall. B) GDP will rise. C) GDP will fall. D) Wages will rise.
Economics