Multiple Choice
Other things equal,relatively poor countries tend to grow
A) slower than relatively rich countries;this is called the poverty trap.
B) slower than relatively rich countries;this is called the fall-behind effect.
C) faster than relatively rich countries;this is called the catch-up effect.
D) faster than relatively rich countries;this is called the constant-returns-to-scale effect.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Suppose that an American opens and operates
Q10: All else equal,if there are diminishing returns,then
Q11: Other things the same,if a country raises
Q12: Electronics firms may be able to get
Q14: Consider three imaginary countries.In Aire,saving amounts to
Q15: In the long run,an increase in the
Q16: Suppose that there are diminishing returns to
Q17: Senator Smith says that in order to
Q18: Suppose that a new government is elected
Q131: Other things the same, a country that