If the United States is operating at full production, not only are we using our most ________ technology, but we are utilizing our land, labor, capital and entrepreneurial ability at their most ________________.
Fill in the blank(s) with the appropriate word(s).
up-to-date; productive jobs
You might also like to view...
The desired stock of capital is that stock which
A) firms always obtain. B) corresponds to the natural level of output. C) would obtain when net investment is zero. D) firms are always adjusting toward.
The above figure shows the market for rice in Japan where price is expressed in dollars. S represents the domestic supply curve, and the horizontal line at P = 1 represents the world supply curve
A $1 per unit tariff has the same effect on producer and consumer surplus as a quota of A) Q1 units. B) Q2 units. C) Q2 - Q1 units. D) Q1 - Q2 units.
Cost benefit considerations would be most typical of which type of ethics?
a. consequentialism b. egoism c. kantian d. utilitarianism
When a consumer is able and willing to buy a good or service, s/he creates ____________ .
a. consumption b. demand c. elasticity d. allocation