Hong Kong is an example of an economy that
A) does not experience economic growth because it is not a democracy.
B) experiences economic growth in spite of the fact that is lacks democratic freedom.
C) grows more slowly than other Asian countries because property rights are not valued.
D) needs to promote investment so that economic growth can occur.
E) lacks economic freedom and therefore experiences the slowest economic growth of all developed economies.
B
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Professor Daniel Trefler at the University of Toronto concluded that Canada ________ from free trade with the United States because _______________.
a. gained; trade creation exceeded trade diversion with the United States b. lost; trade diversion exceeded trade creation with the United States c. first gained, then lost; trade diversion exceeded trade creation after NAFTA was fully implemented d. neither gained nor lost; trade creation equaled its trade diversion with the United States
Which of the following would be included in a year's GDP?
a. Susan cleans the fuel injectors on her car. b. A private individual purchases 100 shares of IBM stock. c. A timber company purchases land in Oregon. d. A man buys an antique desk from his neighbor. e. A college professor purchases a new computer.