Between 1995 and 2012, the U.S. productivity rate:
A. was slightly negative, mainly because of record levels of employment growth.
B. grew substantially compared to prior years, leading some economists to predict a long-
lasting resurgence of productivity growth.
C. slowed considerably relative to the high rates between 1990 and 1995.
D. reached record low levels for the United States' economy, leading some economists to talk
of a long-term trend of stagnation.
B. grew substantially compared to prior years, leading some economists to predict a long-
lasting resurgence of productivity growth
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In the late 19th century, increases in productivity in the _________ industry were driven mostly by innovation, while increases in productivity in the ________ industry were driven by both invention and innovation
a. men's clothing; grain milling b. boot and shoe; cotton textile c. cotton textile; boot and shoe d. boot and shoe; men's clothing
Which one factor below does not influence how a resource should be allocated over time to maximize economic efficiency?
a. Guaranteeing sufficient supplies for future users b. The discount rate c. The future marginal net benefit curve d. The current marginal net benefit curve e. The supply of the resource
The labor market is an example of _____ a. the derivatives market.
a. the derivatives market. b. a market in which the natural forces of demand and supply do not operate. c. a market in which there is no scarcity. d. a resource market. e. a product market.
The trend in current tariff laws is to
A) raise tariffs on foreign goods. B) keep tariffs the same. C) lower tariffs on foreign goods. D) abolish tariffs all together.