Which of the following is not a supply factor in economic growth? A)full employment B)the stock of capital C)technological advance D)The size and quantity of the labour force
What will be an ideal response?
full employment
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The race-to-the-bottom concept described in the text refers to
A) the situation in which countries with high standards are forced to lower their standards or face the loss of jobs and industry. B) the situation in which human rights are not respected by trading countries. C) adopting the standards of a few selected middle-income and high-income countries. D) the use of low per-capita income as a means of comparing the well-being of individuals. E) None of the above.
Which of following is an example of fiat money?
a. US dollars b. Gold c. Diamonds d. Silver e. Fur
If the nominal interest rate is 4 percent and the real interest rate is -2.5 percent, then the inflation rate is
a. -6.5 percent. b. -1.5 percent. c. 1.5 percent. d. 6.5 percent.
The real purchasing power of the average worker's yearly earnings in the United States in 2014 was ________ as in 1960.
A. more than twice as large B. about the same C. about half as much D. five times as large