We can increase the United States' rate of economic growth by
A. devoting more output to capital goods.
B. devoting more output to improving our technology.
C. devoting more output to improving the quality of our labor force.
D. all of the choices are true.
D. all of the choices are true.
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Which of the following unemployment types is the major concern of macroeconomics?
a. Frictional unemployment b. Seasonal unemployment. c. Underemployment d. Structural unemployment e. Cyclical unemployment.
What is the role of the "informativeness principle" in designing a compensation package for an individual in a corporate environment?
What will be an ideal response?
A U.S. firm called EcoWind produces windmills for households to generate electricity. It uses 25,000 recently obtained pesos to buy copper from a mining company in Argentina. As a result of this exchange, by how much, if at all, and in which direction did: A. U.S. net exports change? B. U.S. net capital outflow change?
What is the term used for the process by which an entrepreneur creates or recognizes a new and better product, acquires it, and brings it to market, making older substitutes obsolete?
A. Creative destruction B. Innovation C. The substitution effect D. Backward-bending innovation