Greenwood and Yorukoglu view the post-1973 productivity slowdown as resulting from
A) the information technology revolution.
B) high oil prices.
C) measurement errors.
D) technological depletion.
A
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The main factors that discourage investment in capital and skills in developing countries are
A) political instability, insecure property rights. B) political instability, insecure property rights, misguided economic policies. C) political instability, misguided economic policies. D) political instability. E) insecure property rights, misguided economic policies.
The portion of NI in the United States that takes the form of compensation of employees amounts to
a. less than one-fourth. b. approximately one-third. c. approximately one-half. d. approximately three-fifths.
Which of the following statements is correct?
a. Approximately 50 percent of our national income is allocated to human capital, while the remaining 50 percent is allocated to physical capital in the form of rents, interest, and corporate profits. b. As union membership as a share of the U.S. labor force has declined during the last three decades, the share of national income allocated to physical capital has risen. c. Unions have consistently opposed minimum wage legislation because it tends to cause unemployment. d. During the past several decades, the share of output going to capital has been virtually constant, even though union membership as a share of the labor force has decreased.
Deadweight losses arise because a tax causes some individuals to change their behavior
a. True b. False Indicate whether the statement is true or false