Question 8Most countries in which more than half the population lives below the international povertyline are located in North America.○ TrueO FalseQuestion 9The opportunity to benefit from foreign investment and technology is sometimes referred to asthe "advantage of backwardness."O TrueO FalseQuestion 10A favorable investment climate includes many factors that make investing in one country moreprofitable and less risky than in another country. Political stability is one of the least importantof these factors.TrueO False

Most countries in which more than half the population lives below the international poverty line are located in North America. True False Question 9 The opportunity to benefit from foreign investment and technology is sometimes referred to as the "advantage of backwardness." True O False Question 10 A favorable investment climate includes many factors that make investing in one country more profitable and less risky than in another country. Political stability is one of the least important of these factors. ○ True False

Most countries in which more than half the population lives below the international poverty line are located in North America. True False Question 9 The opportunity to benefit from foreign investment and technology is sometimes referred to as the "advantage of backwardness." True O False Question 10 A favorable investment climate includes many factors that make investing in one country more profitable and less risky than in another country. Political stability is one of the least important of these factors. ○ True False

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 4SCQ: Assume there are two countries: South Korea and the United States. South Korea grows at 4 and the...

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Why dues productivity growth in high-income economies not slow down as it runs into diminishing returns from additional investments in physical capital and human capital? Does this show one area where the theory of diminishing returns fails to apply? Why or why not?
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A) Suppose there are two countries that are identical in every way with the following exception: Country A has a higher saving rate than country B. Given this information, we know with certainty that A) Country A will experience capital widening b) growth rate of output per sopita in the steady state is same in two countries c) K/N is higher in country B d) growth rate of output per capita in the steady state is higher in country A B) When expectations are taken into account, a policy to reduce budget deficit may not lead to a fall in output in the current period. Which of the followings cannot be listed as factor that offsets the detrimental impact of fiscal contraction on the output in the short run? a) Increasing tax rates harshly to finance deficit. b) Credibility of the deficit reduction program. c) Cutting wasteful spending and leaving room for future tax cuts. d) Backloading the deficit reduction, leaving larger cuts in government spending to the future while only small cuts…
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Forecasts for Sa’s economic growth rate have been droppingconsistently in 2023, from 1.2% year on year at the start of thefirst quarter to 0.7% in March, 0.6% in April and now 0.4% inthe outcome of the May survey (all Bloomberg).A more recent survey from Reuters in May places the outlookfor economic growth even lower, at 0.2% for 2023.Market perceptions of the global outlook have also dimmed, withChina’s economic recovery proving weaker than anticipatedafter its 2022 lockdowns, as recent production data disappoints,including that on household spending, investment and tradeactivity.Global trade defragmentation is also weakening sentiment, withrisks of limitations on trade competitiveness growing. Theseconcerns, along with US recession fears and disappointment overChina’s ability to lead the global economy stronger in 2023, haveweakened sentiment, reflecting in the recent fall in oil prices.Markets had expected a ramp-up in economic activity in Chinain the second quarter, but has also…
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