Which of the following is most likely to contribute to economic growth? Group of answer choices...
Which of the following is most likely to contribute to economic growth?
Group of answer choices
Flexible property rights that allow the government to seize resources easily for public use.
Highly variable inflation rates
A stable, predictable legal system (i.e., rule of law)
Trade barriers that keep foreign goods and services out of the country
Homework Answers
Option C.
- A stable, predictable legal system or the rule of law is most likely to contribute to economic growth.
- This is because the rule of law is directly linked to the economic growth and development and it helps in promoting property rights and also provides legal securities which will increase the confidence in investments within a country.
- These investments contribute to an economies growth and development.
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following is a true statement about Say’s Law in the neoclassical
zone?
Shifts of the AD curve have little to no effect on supply
output because the LRAS at full output is creating demand.
Because equilibrium is close to or at potential GDP,
unemployment is affected by shifts in the AD curve.
Movement of the AD curve to the right or to the left shifts the
LRAS curve.
What...
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