Because of diminishing returns to capital, there is a limit to the increases in average labor productivity that can be gained from additional or improved ________.
A. imports
B. physical capital
C. availability of land and natural resources
D. entrepreneurship
Answer: B
You might also like to view...
Figure36-9
?
?
Figure 36-9 shows aggregate expenditures when net exports are fixed and aggregate expenditures are variable. The autonomous spending multiplier is
A. smaller when net exports are fixed. B. smaller when net exports are variable. C. larger when net exports are variable. D. the same whether net exports are fixed or variable.
The decision about the forms in which to hold one's wealth is called the ________ decision.
A. life-cycle B. Fisher effect C. Taylor D. portfolio allocation
The real deficit is $180 billion; inflation is 4 percent; total debt is $4.5 trillion. The nominal deficit is:
A. zero. B. $1 billion. C. $360 billion. D. $180 billion.
Regulation Q was rendered ineffective by the invention of
A) negotiable CDs. B) commercial paper. C) 401(k) plans. D) money market mutual funds.