Developing new products and services as well as introducing new production methods are among the ways that ________ increases average labor productivity.
A. an entrepreneur
B. physical capital
C. a manager
D. human capital
Answer: A
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The range to the right of the midpoint on a linear demand curve is
A) elastic. B) infinite. C) one. D) inelastic.
Restrictions on imports
A) usually have no permanent effects on an economy. B) is the best way to increase exports. C) protect United States jobs. D) eventually reduce exports.
The incentive to lend increases as the real rate of interest decreases.
Answer the following statement true (T) or false (F)
The banking system can lend the sum of its excess reserves because
A. The money multiplier is less than 1. B. Banks are required to keep only a fraction of deposits on reserve. C. Required reserves are a leakage from the banking system. D. Bank assets are greater than bank liabilities.