The difference in values between money today and money in the future is lower when the rate of interest is higher

Nations with low levels of GDP per capita may converge to richer nations if

A) nations with high levels of income experience a continuously increasing growth rate. B) nations with lower levels of income grow more quickly than those with higher levels of income. C) nations with lower levels of income grow more slowly than those with higher levels of income. D) nations with lower levels of income spend less on investment.

A law that restricts plant closings will

A) make the economy more efficient by slowing down the movement of resources to a more optimal rate. B) make the economy more efficient by reducing poor decisions on the part of entrepreneurs. C) prevent resources from flowing to their highest-valued uses. D) allow profits and losses to provide a signaling function.