Exam 17: Market Failure: Externalities, public Goods, and Asymmetric Information

The range of laws,rules,and regulations that define the allowed forms of use and transfer of resources is called the __________ structure of the economy.

If a country's economic growth rate is 4 percent a year,approximately how many years will it take to double its Real GDP?

New growth theory holds technology to be __________; neoclassical growth theory holds technology to be __________.