The primary source of colonial productivity growth in agriculture was:
a. learning by doing.
b. an increased capital-labor ratio.
c. technology improvements.
d. the introduction of hybrid seeds and fertilizer.
a. learning by doing.
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Consider the above figure. At income level Yd = $30, the APC is equal to
A) 0.05. B) 1.05. C) 1.25. D) 1.67.
State and briefly explain whether or not the empirical evidence generally supports the belief that there is a fixed trade-off between unemployment and inflation, such that monetary policymakers can achieve the combination they prefer
What will be an ideal response?
For any given country, the net capital outflows to all other countries equal:
A. net exports to all other countries. B. net capital inflows from all other countries. C. national savings. D. net foreign direct investment to all other countries.
Fine Edge manufactures lawn mowers. In 2014 it had $2 million worth of lawn mowers in inventory. In 2015 it sold $10 million worth of lawn mowers to consumers and had $1 million worth of lawn mowers in inventory. How much did the lawn mowers produced by Fine Edge add to GDP in 2015?
a. $11 million b. $10 million c. $7 million d. $9 million