Which of the following could cause economic growth?
a. Growth in productivity
b. Growth in the employment-population ratio
c. Growth in the average number of hours worked
d. Growth in the population
e. All of these
E
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Transaction costs include
A) costs of negotiating contracts with other firms. B) cost of enforcing contracts. C) the existence of asset-specificity. D) All of the above
Most of the change from 1980 to 1987 in U.S. net capital outflow as a percent of GDP was due to a(n)
a. decrease in U.S. investment. b. decrease in U.S. national saving. c. increase in U.S. investment. d. increase in U.S. national saving.
Which of the following does NOT contribute directly to the persistence of structural unemployment
What will be an ideal response?
The supply of labor generally is considered to be downward-sloping because the opportunity cost of leisure decreases as wages increase.
Answer the following statement true (T) or false (F)