Which of the following would be the least likely to increase total factor productivity?
A) private investment in research and development
B) increases in human capital
C) the establishment of strong property rights
D) increases in the population growth rate
D
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What is a Nash equilibrium?
What will be an ideal response?
The curve that shows the demand for labor for a purely competitive firm is
A) VMP. B) MP. C) MC. D) W/MP.
In contrast to development, growth refers to an increase in:
A. output with no change in productive capacity. B. output brought about by an increase in inputs. C. output brought about by a change in the production function. D. productive capacity with no change in output.
The providers of information products typically
A. have high marginal costs. B. have high fixed costs. C. have zero fixed costs. D. have low fixed costs.