Author Question: To encourage economic development a country should do all of the following EXCEPT A) establish a ... (Read 89 times)

Capo · **on:** Jun 30, 2018

To encourage economic development a country should do all of the following EXCEPT

A) establish a system of property rights.
B) allow creative destruction to run its course.
C) limit the amount of imports allowed into the country.
D) invest in human capital.

Question 2

The average propensity to consume is

A) real consumption expenditures divided by real saving.
B) real saving divided by real consumption expenditures.
C) real consumption expenditures divided by real disposable income.
D) real disposable income divided by real consumption expenditures.