In order for the existing workforce to be more productive, there needs to be
A. An increase in human capital.
B. A decrease in economic growth.
C. An increase in population.
D. A redistribution of income within the nation.
Answer: A
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U.S. dollar bills
A) are backed by gold. B) are backed by silver. C) are backed by platinum. D) are backed by uranium. E) are not backed by any precious metal.
Which of the following is the growth rate of the standard of living?
A) y - q B) y - n C) y - a D) y - b
The long run average cost curve may initially slope downward due to
A) decreasing average fixed costs. B) increasing marginal returns. C) economies of scale. D) All of the above.
An economist from which school of thought would most likely accept the following- "The wide acceptance and practice of activist government fiscal policy."
a. Traditional classical economics b. Neoclassical economics c. Marxist economics d. New monetarist economics e. Keynesian economics