All else equal, which of the following would tend to cause real GDP per person to rise?
a. a change from outward-oriented policies to inward-oriented policies
b. an increase in investment in human capital
c. a weakening of property rights
d. All of the above are correct.
b
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Suppose that the U.S. population is 275 million. Also assume that the labor force is 135 million and that 130 million people are employed. Calculate the unemployment rate
What will be an ideal response?
Refer to Figure 26-2. In the figure above, the movement from point A to point B in the money market would be caused by
A) a decrease in the required reserve ratio by the Federal Reserve. B) a decrease in real GDP. C) an increase in the price level. D) an open market sale of Treasury securities by the Federal Reserve.
Which of the following is most important in determining the number of jobs in an economy?
A) Macroeconomic policies B) Trade policies C) Urban policies D) Environmental policies E) Tax policies
A perfectly competitive producer faces a demand curve for its own product that is
A) downward sloping. B) upward sloping. C) horizontal. D) vertical.