Research confirms that government provision of infrastructure:
A. promotes economic growth.
B. leads to reduced spending on research and development.
C. increases human capital.
D. hinders economic growth.
Answer: A
You might also like to view...
If a firm is using a resource hired in a perfectly competitive market, and if the price of the resource exceeds the marginal revenue product of the resource,
a. more of the resource should be used b. less of the resource should be used c. the firm should pay a lower price for the resource d. the firm should pay a higher price for the resource e. the firm is using the optimal amount of the resource
Productive efficiency implies that
A) it is impossible to obtain gains in one area without losses in another. B) it is possible to obtain gains in one area without losses in another. C) there are too many resources available. D) there are too few resources available.
Diminishing marginal utility implies:
A. as the consumption of a good increases marginal utility decreases. B. as the consumption of a good increases marginal utility increases. C. as the consumption of a good increases total utility decreases. D. as the consumption of a good increases total utility increases.
From 1989 to 2013, the share of wealth for the bottom 90% of wealth holders in the United States
A. increased by almost 10 percentage points. B. increased by more than 45 percentage points. C. remained roughly the same. D. decreased by about 8 percentage points.