Refer to Figure 22-3. Which of the following would cause an economy to move from a point like A in the figure above to a point like B?
A) an increase in capital per hour worked B) a decrease in capital per hour worked
C) an improvement in technology D) a technological regression
A
Economics
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Differentiate between a managed exchange rate and a fixed exchange rate
What will be an ideal response?
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In the classical view, flexible wage rates would assure
A) low inflation. B) high rates of unemployment. C) high secular inflation rates. D) full employment.
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In the United States, the average replacement ratio associated with unemployment insurance benefits is
A. 80%. B. 100%. C. 35%. D. 10%. E. 50%.
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The loss in social surplus that occurs when the economy produces at an inefficient quantity is called
a. efficiency. b. consumer surplus. c. social surplus. d. deadweight loss.
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