In the formula used to measure the growth rate of multifactor productivity, the contribution of labor is represented by
A) bn.
B) bk - bn.
C) y - bk.
D) (1 - b)n.
D
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Property rights and territorial hunting rights:
a. had little bearing on the depletion of the beaver in 1700s. b. were lacking and thereby crucial to depletion of the beaver in the 1700s. c. could have provided incentives against overharvest of the beaver in the 1700s d. Both b and c are correct. e. None of the above are correct.
Show how a monopolist maximizes its profit. Explain your graph.
What will be an ideal response?
It has been suggested that if NHL hockey teams would lower ticket prices, they could increase revenue from ticket sales. Which of the following assumptions forms the basis for this suggestion?
a. Both d and e are correct. b. All of the following are correct. c. Demand for NHL hockey is income inelastic. d. Demand for NHL hockey is price elastic. e. There are many substitutes for NHL hockey.
What was the total of U.S.-owned assets abroad in 2017?
a. -$1,183 billion
b. -$552 billion
c. $221 billion
d. $1,537 billion