Between 1973 and 1995, what changes occurred in the labor force and the capital stock that caused a productivity slowdown?
A) The growth of the capital stock and the growth of labor hours increased.
B) The growth of the capital stock and the growth of labor hours slowed.
C) The growth of the capital increased slowed and the growth of labor hours slowed.
D) The growth of the capital stock slowed and the growth of labor hours increased.
D
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Which of the following is false with reference to subsidies? a. They reduce the cost of production
b. They transfer the income from tax payers to the exporters. c. They mean the nation is exporting products in which it does not have comparative advantage. d. They can lead to inefficiencies.
Frictional unemployment
a. would be eliminated if the economy were more stable. b. would be eliminated if the minimum wage were raised. c. is the result of workers' skills not matching the jobs available. d. is present even when labor markets are working well.
Restaurants, video rental stores, clothing stores, and music stores are examples of industries in which firms differentiate their products by offering them at more locations. This is an example of a(n) ________ market.
A. perfectly competitive B. monopoly C. monopolistically competitive D. oligopoly
Policymaking that is carried out in response to a rule is
A. determined policymaking. B. restrictive policymaking. C. passive policymaking. D. active policymaking.