Research by Harvard Economists Barro and McCleary Revealed That Church

question 58

Multiple Choice

Research by Harvard economists Barro and McCleary revealed that church attendance and economic growth have a(n) _______________ relationship.They also found that specific religious beliefs (in heaven,hell,and afterlife) and economic growth have a(n) ___________ relationship.

• A) inverse; inverse
• B) direct; direct
• C) inverse; direct
• D) direct; inverse

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Definitions:

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Economic Resource

Assets or inputs used in the production of goods and services, including natural resources, human resources, capital, and entrepreneurship.

Aggregate Economic Rent

The total earnings that factors of production receive over and above their opportunity cost, representing the extra income derived from resource ownership.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable change on an outcome.