As a nation's average education level increases, the nation's level of productivity
A. Decreases, and the nation moves to a new point on the same production possibilities curve.
B. Increases, and the production possibilities curve shifts to the right.
C. Increases, and the nation moves to a new point on the same production possibilities curve.
D. Decreases, and the nation's production possibilities curve shifts to the left.
Answer: B
You might also like to view...
The profits from firms who engage in first-degree price discrimination are_____.
A. price-gouging their customers B. showing increased opportunity costs C. less than firms who do not use price discrimination D. equal to consumer surplus
Depreciation is subtracted from GNP to determine
A) net national product (NNP). B) net GDP. C) net imbalance on exports. D) net income.
All of the following are true regarding the Lanham Act except which one?
A) Civil suits can be filed under the Lanham Act. B) It prohibits trademark infringement. C) It was passed in 1946. D) It does not allow a competitor to sue for marketplace damages.
All of the following unambiguously contribute to economic growth EXCEPT
A) increase in human capital. B) increase in technology. C) increase in labor productivity. D) increase in government spending.