In the long run, a higher saving rate
a. cannot increase the capital stock.
b. increases the growth rate of income.
c. increases the growth rate of productivity.
d. None of the above is correct.
d
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One effect of immigration is to:
A. Decrease a nation's total output and productive capacity B. Make capital resources less scarce relative to labor C. Decrease economic efficiency on a worldwide basis D. Increase the wage bill in a nation experiencing immigration if the demand for labor is elastic
How were exchange rates determined under the gold standard? How did the Bretton Woods system differ from the gold standard?
What will be an ideal response?
Why are demand and marginal revenue represented by the same curve for a firm in a perfectly competitive market, but by separate curves for a firm in a monopolistically competitive market?
What will be an ideal response?
When the domestic currency depreciates, foreign demand for domestic goods increases
a. True b. False Indicate whether the statement is true or false