Multiple Choice
Empirical evidence supports the theory that free trade:
A) increases economic growth.
B) decreases economic growth.
C) increases imports, but decreases exports because of greater global competition.
D) increases both imports and exports, but does not contribute to overall economic growth.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Assuming that technological progress increases the efficiency
Q22: Explain why additional capital generates both positive
Q23: Endogenous growth theory rejects the assumption of
Q24: If the per-worker production function is y
Q25: What is an endogenous growth model? How
Q27: Economic research shows that _ in explaining
Q28: The analysis in Chapter 9 of the
Q29: Prescott interpreted fluctuations in the Solow residual
Q30: If the production function is y
Q31: Empirical studies indicate that the rate of