A good way to reduce unemployment in rural areas is to
a. encourage migration of surplus labor to the cities
b. encourage manufacturing and service activities in the rural areas
c. increase the labor intensity of agricultural production
d. improve the technological sophistication of agricultural production
e. none of the above
B
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On any given day, ________ changes to achieve equilibrium in the money market
A) the nominal interest rate B) the price level C) the real interest rate D) the inflation rate E) real GDP
"Given the long run implication of Solow's growth model with respect to the rate of savings, the low savings rate in the United States is not a problem." This statement overlooks that over time it appears that
A) total factor productivity and the growth rate of capital per person are positively related. B) total factor productivity and the growth rate of capital per person are inversely related. C) total factor productivity and the difference between the growth rates of capital per capita and population are not related a and k - n are not related. D) savings rates and per capita growth rates are inversely related.
A barter economy
A) cannot be a market economy. B) is an economy without monetary exchange. C) is an economy with no business firms. D) is not a competitive economy.
Marginal, average, and total figures are bound together. If any two are known, the third can be calculated
a. True b. False Indicate whether the statement is true or false