The key endogenous variable in endogenous growth theory is ________
A) the level of technology
B) the productivity of research and development
C) the growth rate of output
D) the level of per capita income
A
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Which statement is true about labor unions in the United States?
A. Overall unions have had no effect on wages, but have created better working conditions. B. They did not gain widespread acceptance until the 1920s. C. The U.S. has virtually the same percentage of its workforce unionized as other industrial nations. D. None of the choices are true of labor unions in the U.S.
If there is an increase in labor productivity:
A. the production possibilities curve would shift outward and the long-run aggregate supply curve would shift leftward. B. the production possibilities curve would shift inward and the long-run aggregate supply curve would shift rightward. C. the production possibilities curve would shift inward and the long-run aggregate supply curve would shift leftward. D. the production possibilities curve would shift outward and the long-run aggregate supply curve would shift rightward.
Productivity fluctuates along a business cycle because
A. firms usually keep excess labor. B. workers tend to become less productive during expansions. C. workers tend to become more productive during expansions. D. Both B and C are correct.
A form of business whose profits are taxed twice is
A) a proprietorship. B) a partnership. C) a corporation. D) either a proprietorship or a partnership, depending on other information.