The diversion of surplus labor in agriculture to the production of schools or roads in developing countries is described as:
A. Land reform
B. The brain drain
C. In-kind investment
D. A capital-using technological advance
C. In-kind investment
You might also like to view...
In a steady-state, sustained increases in the capital-to-labor ratio are only possible if
a. the savings rate increases. b. population growth decreases. c. depreciation decreases. d. technology increases. e. all of the above.
Which of the following determines how much money an individual will decide to hold?
a. Investment spending b. Income taxes c. The price level d. The supply of money e. Real GDP
A union never wants to accept a negative marginal wage.
Answer the following statement true (T) or false (F)
People's skepticism about central bankers' announcements of their intentions stems from the fact that policymakers may act in a fashion that is time inconsistent
a. True
b. False
Indicate whether the statement is true or false