_______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?

Related Mcqs:

Monetary policy effects the _________ and __________?

A. reserve, unemployment B. money supply, interest rate C. taxes, exchange rate D. stock price, minimum wage...

The Bank of England and the Federal Reserve ?

A. are central banks B. are branches of commercial banks C. use fiscal policy to influence GDP D. loan money to most of LDC commercial banks...

If people with higher incomes pay a higher percentage of income in taxes, the income tax structure is ?

A. progressive B. regressive C. value added taxes (VAT) D. excise taxes...

fiscal incentives to attract businesses from abroad include ?

I- tax holidays II- accelerated depreciation III- import duty relief IV- lower tax rates for reinvested business profits A. I and II only B. III and IV only C. I, II and III only D. I, II, III, and IV...

Central banks in LDCs generally have less effect on expenditure and output than in LDCs because of ?

I- an externally dependent banking system II- a poorly developed securities market III- a low percentage of demand deposits divided by the total money supply IV- the relative insensitivity of investment and employment to monetary policies A. I and II only B. III and IV only C. I, II and III only D. I, II … Central banks in LDCs generally have less effect on expenditure and output than in LDCs because of ?Read More...