Due to diminishing marginal returns, the ultimate source of economic growth in the United States from 1949 to 2010 has been
A) capital.
B) labor.
C) total factor productivity.
D) Capital, labor, and total factor productivity are all subject to diminishing marginal returns, and therefore are all equally responsible for economic growth.
C
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If you have a $50 co-pay, you must pay ____ for each doctor’s visit.
A. $50 B. $35 C. $25 D. None of the above is correct.
Which of the following countries is not a member of the Economic Monetary Union?
a. England b. Italy c. Spain d. Finland
In the Central Utah Project, the water delivered from dams to users
a. is very well utilized, because planners allocated water to its highest valued uses and users. b. cannot generally be traded, so is often wastefully used in low-valued uses. c. is often sold to water-short cities by farmers who can then enjoy a profit from the sale. d. is very expensive to the users who get it.
If a small country imposes a tariff on imported motorcycles, the world price of motorcycles will ________ and the domestic price of motorcycles will
A. remain constant; fall. B. fall; rise. C. rise; fall. D. remain constant; rise.