Countries with high rates of economic growth tend to have
A) a labor force that is more productive.
B) a lower life expectancy at birth.
C) low rates of technological advancement.
D) a declining incidence of business cycle fluctuations.
Answer: A
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Which of the following serves as the central bank for the United States?
A) the Federal Deposit Insurance Corporation B) the U.S. Treasury Department C) the Federal Reserve System D) the World Bank
Economists consider environmental pollution to be a(n)
a. externality. b. pure public good. c. allocatively efficient outcome. d. public interest outcome.
Which of the following production inputs for a printing company would be considered a short-run variable?
a. the size of the company’s main plant b. the quantity of printing presses owned by the company c. the lease payments on the company’s facilities d. the type of paper the company uses in its printing
The bulk of transfer payment spending in the United States is undertaken by
A) non-profit organizations in the private sector. B) state governments. C) local governments. D) the federal government.