Which is not a supply factor in economic growth?
A. An efficient allocation of resources.
B. Natural resources.
C. Technological knowledge.
D. The quantity and quality of labor.
Answer: A
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A variable measures
A) the degree to which something varies over time. B) something that always has the same value. C) something that can take on different values. D) factors that occur with high degrees of uncertainty.
The funds to pay for police protection are usually raised through taxation because
a. police protection would be hard to provide exclusively to those who voluntarily pay for it b. people would not voluntarily pay salaries to officials who might arrest them c. police protection is a basic necessity d. goods financed through taxation can be guaranteed to all who pay for it e. the government believes that those who receive the benefits from the service should pay for it
A market demand curve is found by adding the individual prices for each quantity demanded
a. True b. False Indicate whether the statement is true or false
If a country has a higher level of productivity than another, then it also has a higher level of real GDP
a. True b. False Indicate whether the statement is true or false