In addition to investment in physical and human capital, what other public policies might a country adopt to increase productivity?
In addition to investment in physical and human capital, a country might increase productivity by (a) specifying and enforcing property rights, (b) encouraging free trade, (c) controlling population growth -- although the case has been made that a larger population creates more ideas and so more technology, and (d) promoting research and development.
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One small country has seen strong economic growth over the past few years. Which choice did its leaders most likely make ten years ago to put the country in this position?
a. They invested more and consumed less. b. They consumed more and invested less. c. They produced more consumption goods. d. They stopped acquiring capital goods.
Higher interest rates as a result of deficit spending
A. increase the wealth of future generations. B. ultimately have a positive impact on productivity gains and society's standard of living. C. raise growth in investment spending. D. crowd out private investment.
It is Valentine's Day in the United States, and you give your lover one dozen roses that were freshly picked 72 hours ago from the fields of Kenya. What made this gift possible?
A) the United Nations Director of Horticultural Operations, who oversees the planting and transportation of flowers around the world B) the Jennifer Flowers Act, which helps coordinate the logistics of agricultural trade flows between the United States and Kenya C) economic markets D) tariff laws in the United States
Unemployment arising from a persistent mismatch between the skills and characteristics of workers and the requirements of jobs is called
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) seasonal unemployment.