Supply factors in economic growth include the following, except:
A. Improvements in technology
B. Expansion of capital stock
C. Increases in purchases of output
D. Better education and training
C. Increases in purchases of output
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The real business cycle theory emphasizes that in today's modern age, ________ technology plays a significant role in causing economic fluctuations
A) obsolete ideas in B) advances in C) shocks to D) duplications in
What do developing countries want regarding agriculture in the Doha Round?
What will be an ideal response?
If the short run elasticity of demand for bus service is 1.01, we would expect the long run elasticity of demand to be: a. relatively inelastic. b. greater than 1.01
c. equal to 1.01. d. less than 1.01.
Which of the following is not a problem with barter?
a. Determining and remembering the prices of everything you want to buy in terms of the goods and services you want to sell. b. Dividing assets into convenient, small denominations that can be spent. c. Finding an asset that cannot be duplicated and manipulated by the government. d. Having a mutual coincidence of wants and surpluses with trading partners. e. All of the above are problems.