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1. What will increase the rate of capital accumulation? a) Lower levels of investment b) Higher...

1. What will increase the rate of capital accumulation?

a) Lower levels of investment

b) Higher levels of investment

c) Higher levels of saving

d) Both B and C

2. What institutional arrangement consistent with high GDP per capita?


a) Socialism

b) Restrictions on international trade.

c) Government-imposed price controls.

d) Markets, specialization & trade.

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Answer #1

1) d. Both B and C - is correct

2. d. Markets, specialization & trade - is correct

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