As a Nation Approaches Its Steady State,the Returns to Capital

question 40

Multiple Choice

As a nation approaches its steady state,the returns to capital ________ and the growth of real gross domestic product (GDP) ________.

• A) increase; increases
• B) decrease; slows down
• C) increase; slows down
• D) decrease; increases
• E) remain unchanged; remains unchanged

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Definitions:

Binding Arbitration

An arbitration agreement where the decision made by the arbitration panel is final and legally binding on all parties.

Court

A governmental institution authorized to resolve legal disputes between parties and administer justice in legal cases.

Submission Agreement

A contract in which the parties agree to submit to arbitration to resolve disputes instead of going to court.

Arbitration Initiation

The formal starting process of arbitration, where a dispute is submitted to an impartial third party for a binding decision.