According to the text, productivity is driven by all of the following EXCEPT:
A. physical capital.
B. human capital.
C. technological progress.
D. natural resources.
Ans: D. natural resources.
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The relationship between professional basketball players and the owners’ association is an example of a bilateral monopoly.
Answer the following statement true (T) or false (F)
Which of the following are statisticians who compile statistics to predict the risk of an event occurring in the population?
A) rocket scientists B) quants C) actuaries D) risk analysts
Income tax payments
a. rise during a recession, thus reducing the severity of the recession b. rise during a recession, thus increasing the severity of the recession c. rise during inflationary episodes, thus reducing the severity of the inflation d. fall during inflationary episodes, thus increasing the severity of the inflation e. fall during a recession, thus increasing the severity of the recession
Figure36-8
?
Which of the graphs in Figure 36-8 illustrates the AD–AS shifts induced by the foreign sector following an increase in the U.S. federal deficit?
A. 1 B. 2 C. 3 D. 4