To encourage economic development a country should do all of the following EXCEPT
A) establish a system of property rights.
B) allow creative destruction to run its course.
C) limit the amount of imports allowed into the country.
D) invest in human capital.
C
Economics
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Which of the following would be counted in 2013's GDP?
A) the value of a bond sold by the federal government B) the value of a loan you take in 2013 C) the value of a TV that was produced in 2012 but not sold until 2013 D) the bonus check a stockbroker gets from his/her company in 2013
Economics
How can it be that people purchase more of a good while its price is rising?
A) The supply curve must be shifting to the left. B) The demand curve must be shifting to the right. C) Supply and demand do not change. D) It cannot happen, otherwise the law of demand is violated.
Economics