The Dictator of a Certain Country Requires That Companies Planning

question 225

Multiple Choice

The dictator of a certain country requires that companies planning to open or expand must pay a large fee to file an application one year prior to building new factories or expanding existing ones. Other things the same, in the long run this requirement would

• A)reduce real GDP per person and productivity.
• B)reduce real GDP per person but not productivity.
• C)reduce productivity but not real GDP per person.
• D)None of the above is correct.

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Definitions:

Invertebrate Hormone

Hormones in invertebrates that regulate growth, metabolism, and development, similar to those in vertebrates but often with different functions and mechanisms.

Steroid

Lipid with four carbon rings, no fatty acid tails.

Exocrine Gland

Gland that secretes milk, sweat, saliva, or some other substance through a duct.

Endocrine Gland

Ductless gland; aggregation of hormone-secreting epithelial cells with associated connective tissue and blood vessels.