Recently economists have added what factor as a major explanation of economic growth?
A) the growth rate of labor
B) the growth rate in labor and capital productivity
C) technology
D) the growth rate of capital
C
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When a competitive price-searcher market is in long-run equilibrium, the firms in the market will earn
a. substantial economic profits. b. zero economic profits. c. significant economic losses. d. an above-normal accounting rate of return.
Externally held debt refers to that part of the national debt owned by private individuals, and internally held debt refers to that part owned by government agencies.
Answer the following statement true (T) or false (F)
The "miracle of compound interest" is best described by which of the following?
A) Interest is paid on any currency held in your pockets. B) Interest is paid on the prior interest earned, but not the principal. C) Interest is paid only on the original principal deposited in an account. D) Interest is paid on the principal plus the prior interest earned
Given their skills, a college graduate may be perceived as a good manager of time and the better fit for a managerial job than a high school graduate. This is an example of:
A. the learning effect of a college education. B. the signaling effect of a college education. C. the discriminatory effect of a college education. D. All of these