Lack of investment in strong education and health care systems
A) causes a deterioration in human capital and a decline in labor productivity.
B) causes a deterioration in human capital and an increase in physical capital.
C) causes a decline in physical capital and a decline in labor productivity.
D) increases human capital and cause a decline in labor productivity.
A
You might also like to view...
A group of friends recently started manufacturing specialty T-shirts. The business has grown rapidly, with monthly production up from 50 to 250 in the first 6 months. During this same period, average production cost has been cut in half
The firm's long-run average cost curve over this range of output A) is downward sloping. B) is upward sloping. C) is horizontal. D) may be any of the above.
Which of the following events did not contribute to the high rate of savings and loan failures in the 1980s and 1990s?
a. The bankruptcy of the FDIC b. Deregulation of the banking industry that allowed investment houses to compete with banks and S&Ls for depositors c. The elimination of Regulation Q d. The entry of S&Ls into riskier loan markets e. Substantial fraud in lending activities
If the government of a country decides to increase the required reserve ratio from 10 to 12.5 percent, the value of the money multiplier will: decrease from 10 to 8. a. increase from 1.0 to 1.2. b. decrease from 10 to 8
c. increase from 10 to 12. d. decrease from 12 to 10.
The average number of times each dollar is used per year to buy goods and services in the economy is called the
A. velocity of circulation. B. equation of exchange. C. law of demand. D. law of diminishing returns.