Which of the following is not a source of productivity gain?
A. An increase in population.
B. An increase in the ratio of capital to labor.
C. Development of better capital equipment and products.
D. Better use of resources in the production process.
A. An increase in population.
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Suppose that people find out that eating more fish improves their health, leading them to increase their demand for fish. As a result, the equilibrium price of fish ________ and the equilibrium quantity ________
A) rises; decreases B) rises; increases C) falls; decreases D) falls; increases
The fiscal agent for the U.S. federal government is
A) the United States Treasury. B) the Internal Revenue Service. C) the Comptroller of Currency. D) the Federal Reserve System.
The exchange rate between yen and dollars at one point in 2010 was 83 yen per dollar. If a Big Mac, fries, and a Coke cost $3.91 in San Francisco, how much should the same order cost in yen in Osaka?
a. 0.03 b. 325 c. 392 d. 422
The currency deposit ratio, c, is 0.10. The reserve requirement, rr, is 0.07. The excess reserve ratio, e, is 0.10. What is the size of the money multiplier?
A) 4.70
B) 4.07
C) 4.75
D) 4.00