Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 25, Problem 3QCMC
To determine
Natural resources and growth.
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Most economists are_____ that natural resources will eventually limit economic growth. As evidence, they note that the prices of most natural resources, adjusted for overall inflation, have tended to _____ over time.
a. concerned, rise
b.concerned, fall
c. not concerned, rise
d. not concerned, fall
More economists are_______that natural resources will eventually limit economic growth.As evidence, they note that the prices of most natural resources,adusted for overall inflation,have tended to_______ overtime.a.concerned,riseb.concerned,fallc.not concerned,rised.not concerned,fall
Most economists are _________ that naturalresources will eventually limit economic growth. Asevidence, they note that the prices of most naturalresources, adjusted for overall inflation, have tendedto _________ over time.a. concerned; riseb. concerned; fallc. not concerned; rised. not concerned; fall
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Principles of Economics, 7th Edition (MindTap Course List)
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- The Trump administration's policies to increase long-run economic growth included all of the following except A. increasing the employment–population ratio. B. reducing business taxes to increase investment spending. C. increasing business startups by reducing regulations and taxes on small businesses. D. raising the federal minimum wage.arrow_forwardIn the 1870s and 1880s, the US economy grew faster than ever before and quickly became the largest economy in the world. What factor(s) contributed to this incredible economic growth the most? Some possible factors you can mention are big business owners, known as robber barons, immigration, the engineering revolution, railroads, etc.arrow_forwardFour of the determinants of economic growth relate to supply side, i.e. the physical ability of the economy to produce. Which of the following is not one of those? Select one: a. Increases in the quantity and quality of natural resources. b. Increases in the supply (or stock) of capital goods. c. Improvements in technology. d. Increases in the quantity and quality of human resources. e. Efficient financial institutionsarrow_forward
- 1.How does inflation impact nominal interest rates? 2.Why are private property and property rights so important for a market economy to function efficiently to create economic growth?arrow_forwardWhat is the likely effect of increasing public investment in higher education on a country's long-term economic growth? A. It will lead to a decrease in economic growth due to higher taxes. B. It will have no effect on economic growth. C. It will lead to higher long-term economic growth due to an improved labor force. D. It will initially boost economic growth but lead to a decline in the long run.arrow_forward10. What policies can the government of a free-market economy implement to stimulate economic growth? 11. Why does stagflation create such a dilemma for policy makers?arrow_forward
- Suppose, due to the effects of a military conflict that has ended, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend to occur as the economy adjusts to this situation? Question 5Select one: A. a relatively low growth rate for some time B. a relative high growth rate for some time C. zero growth for some time, followed by a gradually increasing growth rate D. positive growth, followed by negative growth, and then zero growth E. none of thesearrow_forwardWould the following events usually lead to capital deepening? Why or why not? A weak economy in which businesses become reluctant to make long-term investments in physical capital. A rise in international trade. A trend in which many more adults participate in continuing education courses through their employers and at colleges and universities.arrow_forwardt Provide 2 substantive postings to each of the 3 Discussion Question's each week. 2. What are the principal sources of economic growth? Provide 2 substantive postings to each of the 3 Discussion Question's each week. 3. Explain the policy tools necessary for accelerated growth.arrow_forward
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