Capital-intensive production techniques tend to be utilized most commonly in countries where labor is relatively cheap
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
One purpose of discretionary fiscal policy is to
A. increase government spending during a recession. B. reduce inflation during an expansion. C. reduce inflation during a recession. D. increase taxes during an expansion.
Other things the same, an increase in the foreign price level leads to an increase in the real exchange rate
a. True b. False Indicate whether the statement is true or false
If the real deficit is $100 billion, the inflation rate is 10 percent, and the nominal deficit is $400 billion, then the debt is:
A. $1 trillion. B. $2 trillion. C. $3 trillion. D. $4 trillion.
Describe the size of government employment as a percentage of the labor force. What are three major types of government employment at the state and local levels and at the Federal level?
What will be an ideal response?