Improved labor skills contribute to growth of the economy by:
A. Increasing productivity.
B. Raising savings rates.
C. Raising investment rates.
D. Replacing capital.
A. Increasing productivity.
You might also like to view...
The short-run simulative effect of a government budget deficit on real GDP is stronger with ________ financing, since this ________ the crowding out effect of the deficit
A) bond, enhances B) bond, eliminates C) money, enhances D) money, eliminates
Which was not a way in which tariffs hurt the South?
a. Southern produced products lost US market share. b. The tariffs raised the price of imported goods to consumers. c. England had less money with which to purchase American made goods.
Which of the following correctly describes the difference between M1 and M2?
a. M1 includes currency, coins, gold and silver, whereas M2 does not contain gold and silver. b. M1 is made up of currency, traveler's checks, and money in checkable accounts, whereas M2 contains M1 plus savings deposits, small-denomination time deposits, and money market mutual funds. c. M1 is limited to currency, whereas M2 contains M1 plus travelers checks and money in checkable accounts. d. M1 includes currency and traveler's checks, whereas M2 contains M1 plus money in checking accounts.
If the demand for a good increased, what would be the effect on the equilibrium price and quantity?
What will be an ideal response?