Which of the following is most likely to increase productivity growth, as measured using GDP statistics?
a. Reduced capital formation
b. Decreased human capital
c. Increased research and development
d. Increased government regulation
e. Higher price of a raw material
c
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Use the following table to answer the next question.OutputTotal Cost0$10120228338453573698The total variable cost associated with the production of 5 units of output is
A. $14.60. B. $73.00. C. $10.00. D. $63.00.
Being that health care is a basic human right, there is no opportunity cost for the utilization of medical services
a. True b. False Indicate whether the statement is true or false
If 100 lumberjacks generate $5,000 in real GDP, the output per laborer would be
a. 0.02 b. 0.05 c. 50 d. 100 e. 5,000
Refer to Exhibit 2-1. The opportunity cost of moving from point A to B is