Multiple Choice
The catch-up effect is the idea that:
A) savings will always 'catch up' with investment spending
B) other countries aid relatively poor countries so as to 'catch them up'
C) it is easier for a country to grow fast if it starts out relatively poor
D) if investment spending is low, increased savings will help investment to 'catch up'
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Technological knowledge enables improved productivity.
Q3: Which of the following countries have a
Q4: Economists believe that governments that encourage research
Q5: Using the rule of 70, calculate approximately
Q6: The amount of goods and services produced
Q7: Inward orientation policies, such as those in
Q8: Natural resources:<br>A)are inputs provided by nature<br>B)are inputs
Q9: Which of the following statements is correct?<br>A)Technological
Q10: Technological progress does not depend on:<br>A)the quality
Q11: The education and training of workers is