Which of the following causes an economy to move rightward along the aggregate production function?
A) A decrease in the capital stock B) An improvement in technology
C) An increase in the productivity of workers D) An increase in the price level
C
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Figure 7-9
Of the graphs in Figure 7-9, which represents total fixed cost?
a.
1
b.
2
c.
3
d.
4
The correlation between wages and the probability of encountering a fatal injury while on the jobs can be used to calculate the value of
A. safety. B. work. C. life. D. injury. E. risk.
A monopoly is:
A. a seller of a highly advertised and differentiated product in a market with low barriers to entry in the long run. B. the only seller of a good for which there are no good substitutes in a market with high barriers to entry. C. the only buyer of a unique raw material. D. the producer of a product subsidized by the government.
When government revenue exceeds government spending, the nation has a:
A. government budget deficit. B. government budget surplus. C. trade deficit. D. trade surplus.