Ch 16, Terms & Concepts [Compatibility Mode]

Ch 16, Terms & Concepts [Compatibility Mode] -...

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Unformatted text preview: Terms & Concepts 1. Determinants of Economic Growth 1. Liberty 2. Size of government as a % of GDP 3. Institutions 1. Property rights 2. Political stability 3. Free trade 4. Low marginal tax rates 5. Stable money & prices 6. Open financial capital markets, etc. fi 2. Are the following are necessary for economic growth? 1. Democracy? 2. Capitalism? 3. Abundant natural resources? 3. Secondary effects of economic growth 1. Employment growth 2. Income growth 3. Stable growth 4. More choice 5. Higher standards of living 1 ...
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This note was uploaded on 04/02/2012 for the course ECO 2013 taught by Professor Slate during the Fall '10 term at Florida State College.

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