Which of the following factors is projected to be the dominant source of economic growth in the U.S. from now until 2020?
A. Increase in hours per worker
B. Increase in labor force
C. Increase in population
D. Increase in labor productivity
D. Increase in labor productivity
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In long-run competitive equilibrium, the perfectly competitive firm produces where price equals minimum average total cost
a. What is this efficiency criterion called? b. How does it benefit consumers?
When a multinational affiliate replicates elements of a production process in a foreign country it is called ________ foreign direct investment
A) vertical B) horizontal C) transitional D) bisectional E) direct
Countries that start with very little physical capital will get a:
A. higher return from adding a unit of capital than a country that starts at a higher initial level will. B. lower return from adding a unit of capital than a country that starts at a higher initial level will. C. similar return from adding a unit of capital than a country that starts at a higher initial level will. D. higher return from adding a unit of capital the more natural resources they possess.
When the demand for grapes increases and the supply of grapes decreases at the same time, we can predict that the: a. price of grapes will fall
b. price of grapes will rise. c. quantity of grapes exchanged will fall. d. quantity of grapes exchanged will rise.