Two of the three pillars of labor productivity growth responsible for the changes in the United States after 1995 are technological change and
a. labor force improvement.
b. labor force growth.
c. capital formation.
d. consumption growth.
c
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. A parallel shift in the budget line is caused by changes in the relative prices of the two goods. 2. Parallel shifts in the budget line are considered when deriving the demand curve for a good. 3. An Engel curve shows the relationship between price and quantity demanded. 4. Normal goods have upward-sloping Engel curves. 5. If an Engel curve is downward sloping, then one of the two goods must be inferior.
For investors, commercial paper is a close substitute for
A) U.S. Treasury bills. B) U.S. Treasury bonds. C) corporate bonds. D) municipal bonds.
Income earned by the productive resources does not include
a. wages and salaries. b. transfer payments. c. profits. d. interest.
A tariff is a:
a. limit on the number of goods that can be imported. b. tax on an imported product. c. tax on an exported product. d. limit on the number of goods that can be exported.