__________ generally results in increases in per-capita GDP
a. Civil war
b. High levels of inequality in the distribution of land ownership
c. Investment in human capital
d. A stock of natural resources
c
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The processes a firm uses to turn inputs into outputs of goods and services are the firm's
A) production function. B) technology. C) total factor productivity. D) manufacturing ideology.
Which of the following items are counted in M2?
a. stock mutual funds b. money-market mutual funds c. bond mutual funds d. all of the above
An economy's income is the same as its expenditure because every transaction has a buyer and a seller
a. True b. False Indicate whether the statement is true or false
According to the textbook, proponents of minimum wage laws assume that
A. the supply curve for unskilled workers is downward sloping. B. the demand curve for unskilled workers is nearly horizontal. C. the supply curve for unskilled workers is upward sloping. D. the demand curve for unskilled workers is nearly vertical.