Which of the following is not one of the three pillars of productivity growth?
A. Rate of capacity utilization
B. Rate of technological improvement
C. Rate of improvement in workforce quality
D. Rate of capital expansion
Answer: A
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Today, Julie attended her 12:30 Economics class. If she hadn't gone to class, Julie would have gone out to lunch with friends. She had other options; she could have worked or slept in. Julie's opportunity cost of going to class is the
A) income from working she gave u
According to the FTC, antitrust regulations are in place because mergers that lessen competition can lead to:
a. too many goods and services. b. higher quality products. c. higher prices. d. a decentralized market.
During the period of October 1979 to October 1982; the FOMC's primary operating target resulted in:
A. the most stable period for the federal funds rate in history. B. the federal funds rate experiencing high volatility. C. the federal funds rate dropping to 2 percent (an all-time low to that date) and not rising above 3 percent. D. reserves being highly volatile.
One subject of study for macroeconomics is
A. perfect competition. B. economic growth. C. monopoly. D. the shape of an individual's demand curve.