In the United States from 1949 to 2010, the vast majority of economic growth has been a result of the contribution from
A) capital.
B) labor.
C) total factor productivity.
D) Capital, labor, and total factor productivity have contributed about equally to economic growth.
D
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The data in the table above are the U.S. balance of payments. What is the current account balance?
A) $0 B) $150 billion C) -$100 billion D) -$150 billion
A decrease in labor productivity will increase marginal cost
Indicate whether the statement is true or false
Which of the following services have experienced declines in relative prices due to productivity increases?
a. medical services b. restaurant meals c. theatrical performances d. Internet access services
Interlocking directorates are illegal under the ____ whether or not the effect may be to substantially lessen competition.
A. Clayton Act B. Robinson-Patman Act C. Sherman Antitrust Act D. Federal Trade Commission Act