What determines the productivity growth rates of a country?
a. Amount of working capital currently available.
b. Rates of increase of capital, technology, and workforce quality
c. Current level of gross domestic product.
d. Current levels of human capital, physical capital, and technology.
b
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Jerry is studying three nights per week and his grade point average is 3.1. He wants a higher GPA and decides to study an extra night each week. His GPA now rises to 3.5
Had Jerry not decided to study an extra night, he would have spent this night with his friends. What is Jerry's marginal benefit from studying for one additional night a week? What is his marginal cost of increasing the study time by one night per week? Why does Jerry decide to study an extra night?
Comparative advantage indicates which specific terms of trade will arise, given two countries' production possibilities
a. True b. False Indicate whether the statement is true or false
Payments for unemployment benefits sent to unemployed people are considered government purchases.
Answer the following statement true (T) or false (F)
Suppose that, at a given level of disposable income, consumers decide to save more. Explain what effect this decision will have on equilibrium income. Also, explain what effect this decision will have on the level of saving once the economy has reached the new equilibrium
What will be an ideal response?