Ongoing economic growth in real GDP per person requires all of the following EXCEPT ________
A) investment in human capital
B) the discovery of new technologies
C) saving and investment in new capital
D) population growth
D
You might also like to view...
Which of the following is illegal under the Sherman Act? I. A competitor agrees with another competitor on the price at which the product will be sold. II
A manufacturer refuses to supply a retailer who does not accept the manufacturer's guidance on the price. A) only I B) only II C) both I and II D) neither I nor II
The Solow model is used to explain ________
A) why some economies experience higher rates of growth than others B) the relationship between price and quantity demanded C) the relationship between the rate of inflation and the rate of unemployment D) the notion of opportunity cost
Carefully explain why there are gains from intraindustry trade
What will be an ideal response?
Whenever average output produced per worker during a specific time-period increases, then
A. leisure time increases. B. nominal GDP decreases. C. the standard of living goes down. D. labor productivity increases.