An increase in GDP can result from an increase in
A. productivity.
B. physical capital.
C. the labor supply.
D. all of the above
Answer: D
You might also like to view...
Along the aggregate production function, as the quantity of labor rises, real GDP
A) rises. B) falls. C) stays the same. D) may fall, rise, or stay the same.
Because demand curves slope downward according to the Law of Demand, the price elasticity of demand is a negative number
What will be an ideal response?
The term excess capacity refers to the fact that a firm produces a lower quantity than it would if it operated at the efficient scale
a. True b. False Indicate whether the statement is true or false
Discuss the pros and cons of legalizing drugs such as heroin or cocaine from an economic perspective using the concepts of supply, demand, and elasticity
Please provide the best answer for the statement.