Author Question: The industrialized group of countries has growth rates that are consistent with the findings of the ... (Read 43 times)

burton19126

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The industrialized group of countries has growth rates that are consistent with the findings of the economic growth model.
 
  That is, Taiwan, Korea, and Singapore had ________ incomes in 1960 than the United States and Switzerland, and Taiwan, Korea, and Singapore grew ________ than the United States and Switzerland between 1960 and 2010.
  A) lower; more rapidly B) greater; more rapidly
  C) greater; less rapidly D) lower; less rapidly

Question 2

If the government wants to minimize the welfare loss of a tax, it should tax goods with more inelastic demands or supplies.
 
  Indicate whether the statement is true or false


Tonny

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Answer to Question 1

A

Answer to Question 2

TRUE



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