Between 1929 and 1982, according to Edward Denison, approximately
a. one-fourth of the growth in output was due to the increase in the quantity of labor.
b. one-third of the growth in output came from an increase in the quantity of labor.
c. forty-five percent of the growth in output was credited to an increase in the quantity of labor.
d. ten percent of the growth in output was responsible for the increase in the quantity of labor.
A
You might also like to view...
The figure above illustrates the problem of overcrowding and external costs experienced during the summer months in the state park. An efficient allocation of resources occurs at
A) point F. B) point G. C) point H. D) point I.
Janie convinces her uncle Seymour that she is on the Dean's list each semester and asks him to lend her $5,000 to help pay for her college tuition for the upcoming year, assuring him that she will be able to pay him back as soon as she graduates and
gets a job. In reality, Janie has flunked out of college, has spent all her savings on food for her 40 ferrets, and wants to use the money to bail her boyfriend out of jail. Not being honest with her uncle when asking for the loan is an example of ________, and spending the borrowed money to pay her boyfriend's bail is an example of ________. A) moral hazard; asymmetric information B) moral hazard; the principal-agent problem C) adverse selection; moral hazard D) the principal-agent problem; adverse selection
If the Union threatens a strike, what is the firm's best response?
a. Bargain hard b. Accommodate c. Run d. Hide
What would happen in the market for loanable funds if the government were to decrease the tax rate on interest income?
a. The supply of loanable funds would shift rightward and investment would increase. b. The supply of loanable funds would shift leftward and investment would decrease. c. The demand for loanable funds would shift rightward and investment would increase. d. The demand for loanable funds would shift leftward and investment would decrease.