Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 31, Problem 2.4P
To determine
The role of increasing research and development in a long-run growth in Indonesia.
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Students have asked these similar questions
As an economist, what role do you see of markets in facilitating economic development? What are the areas in which markets may fail in promoting economic development?
(Will give a positive rating for a good answer.
Answer Asap.)
Choose two countries to your interest; one is a developed country and the other one is a developing country. Discuss the economic growth in these two countries based on these specifications:
i) income per capita
ii) savings rate
iii) growth rate of population
iv) investment rate
(Note: You can search through the World Bank web site in order to obtain the above information)
To answer this question please refer to chapter 13, "Development Economics: The Wealth and Poverty of Nations," in Charles Wheelan's Naked Economics:Undressing the Dismal Science.
According to Wheelan all of the below are important determinants for economic growth and development of nations, EXCEPT THIS ONE. Which of the below does Wheelan consider to be NOT ESSENTIAL for economic growth and development?
A) Well-defined property rights.
B) Openness to trade.
C) Non-excessive levels of regulation.
D) Possession of large amounts of natural resources.
E) Human capital.
F) Responsible fiscal and monetary policy.
Chapter 31 Solutions
Principles of Economics (12th Edition)
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