Multiple Choice
Robert Lucas reflects the view of many economists when he argues that the most effective way to reduce world poverty is to:
A) eliminate recessions.
B) increase long-run growth.
C) provide loans to developing countries.
D) take money from those who are very wealthy and give to those who are very poor.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Markets help to promote growth by:<br>A)increasing specialization
Q8: Which of the following would tend to
Q9: According to long-run growth models, which of
Q10: Economists treat potential output differently when considering
Q11: If output increases by 2 percent and
Q13: When the government of India lowered tariff
Q14: Economic growth causes:<br>A)the production possibility curve to
Q15: Technological lock-in:<br>A)occurs when standardization on a technology
Q16: The effect of specialization and the division
Q17: All of the following are important sources