Compared to high-income countries, low-income countries might have an advantage in achieving greater worker productivity because low-income nations have:
a. many opportunities to make use of existing technologies
b. an abundant supply of natural resources.
c. an abundant supply of skilled and unskilled labor.
d. more entrepreneurial opportunities than high-income countries.
a
Economics
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Inflation is often accompanied by
a. seigniorage b. forced saving c. financial repression d. large government budget deficits e. all of the above
Economics
According to the Laffer curve
A. an increase in tax rates will have an inconsistent effect on tax revenues. B. a decrease in tax rates will always increases tax revenues. C. an increase in tax rates will always increase tax revenues. D. a decrease in tax rates will always decrease tax revenues.
Economics