Countries with small amounts of capital per worker tend to have ________ levels of real GDP per person and ________ levels of average labor productivity.
A. low; low
B. high; high
C. low; average
D. high; low
Answer: A
You might also like to view...
The "lemons model" predicts quality deterioration in the used-car market because
a. used cars require increasing maintenance. b. suppliers and demanders have different information about cars' quality. c. used cars are generally of a lower quality than new cars. d. people will usually buy new cars if they are available.
The Keynesian link between the money market and the goods and services market is __________. Changes in the money market must affect the __________ market before the goods and services market is affected
A) direct; credit B) indirect; labor C) indirect; investment goods D) direct; stock E) none of the above
Recall the Application about the merger of Office Depot and Office Max to answer the following question(s).Recall the Application. In 2013, the Federal Trade Commission (FTC) ________ the merger of Office Depot and Office Max by concluding that it would not ________ competition in the retail office-supply market.
A. approved; decrease B. approved; increase C. denied; decrease D. denied; increase
What are five economic shocks that may cause business cycles?
What will be an ideal response?