An increase in the rate of economic growth curve could be caused by all of the following except
A. a national tax that encourages all employers to provide more training and education for employees which leads to an across-the-board upgrade of the skill level of the nation's workforce.
B. a movement along the production possibilities curve so that the society produces more consumer goods and less capital goods.
C. an increase in immigration that increases the country's labor force by 20 percent.
D. an increase in research and development spending for space technology that improves the quality of the nation's capital stock.
B. a movement along the production possibilities curve so that the society produces more consumer goods and less capital goods.
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The principle that people would rather leave things as they are is called _____
a. status quo b. stand still c. stagnation d. pause e. quo warranto
Which of the following is an example of political action that reflects the shortsightedness effect?
a. budget surpluses b. the promise of future benefits without providing for their funding c. spending on roads and highways d. spending on programs that transfer income from the rich to the poor
Explain the difference between a change in demand and a change in quantity demanded. Be sure to specify what causes each to change and how they differ when graphed
As an economy adjusts to an decrease in the saving rate, we would expect output per worker
A) to decrease at a constant rate and continue decreasing at that rate in the steady state. B) to decrease at a permanently higher rate. C) to increase at a permanently higher rate. D) to return to its original level. E) none of the above