Which statement best describes the increase in working capital in the United States from the early 1950s until the 2000s?
a. The average U.S. worker in the late 2000s was working with physical capital worth almost twice as much as that of the average worker of the early 1950s.
b. The average U.S. worker in the late 2000s was working with physical capital worth almost four times as much as that of the average worker of the early 1950s.
c. The average U.S. worker in the late 2000s was working with physical capital worth almost five times as much as that of the average worker of the early 1950s.
d. The average U.S. worker in the late 2000s was working with physical capital worth almost three times as much as that of the average worker of the early 1950s.
d. The average U.S. worker in the late 2000s was working with physical capital worth almost three times as much as that of the average worker of the early 1950s.
You might also like to view...
A firm produces 200 units of a good when it employs 7 workers. The marginal product of the eighth worker is 46 units. If the eighth worker is hired, the firm's total product will increase to:
A) 208 units. B) 228 units. C) 246 units. D) 322 units.
If government saving is negative, then
A) G > T. B) Y + TR < C - T. C) T - TR < G. D) T > TR.
Which of the following is an argument against free trade?
A) protecting infant industries B) protecting against dumping C) protecting domestic jobs D) all of the above
To correct for market failure, the government could impose a tax on the producer
Indicate whether the statement is true or false