Which of the following will not increase the rate of growth in an economy?
a. a reduction in the rate of savings
b. an increase in the productivity of labor
c. technological progress
d. higher rates of investment
a
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The monetary base is $1,000 billion and the money multiplier is 5.5. What is the size of the money supply?
What will be an ideal response?
Which rationing system leads to the most efficient use of available resources?
A) free market B) physical force C) first come, first served D) random assignment
Almost 85% of American firms have less than
a. 20 employees. b. 100 employees. c. 500 employees. d. 1,000 employees.
The president of Toyota's Georgetown plant was quoted as saying, "Demand for high volumes saps your energy. Over a period of time, it eroded our focus [and] thinned out the expertise and knowledge we painstakingly built up over the years." This quote
suggests that A) Toyota was experiencing an excess demand for its automobiles which it had difficulty keeping up with. B) as Toyota expanded its capacity, it experienced diseconomies of scale. C) Toyota was focused on "churning" out cars for which it did not invest sufficiently in training its workers. D) high demand for Toyota's cars prevented the company from focusing on its strength: auto design.