In which of the following periods did average labor productivity in the United States grow the fastest?
A. 1995 to 2008
B. 1929 to 1935
C. 1949 to 1973
D. 1973 to 1995
Answer: C
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Which of the following would be most likely to contribute to the breakdown of a cartel in a natural resource (e.g., bauxite) market?
a. high prices b. low price elasticity of demand c. high compatibility of member interests d. significant barriers to entry e. unequal member ownership of the natural resources
Which of the following indicates an input is being overused relative to the optimal level?
a. MRP = P of input. b. MRP > P of input. c. MRP < P of input. d. MPP > P of output.
Both M1 and M2 are monetary values much larger than nominal GDP
a. True b. False Indicate whether the statement is true or false
Model Validation Council.
What will be an ideal response?