Which of the following is not a reason why China is unlikely to maintain high enough rates of productivity growth to catch up with the standard of living in the United States?
A) Much of China's growth is likely due to the transition from a centrally-planned economy to a market economy.
B) Because of the low birth rate in China, the labor force will soon decline.
C) The United States invests more in research and development than does China.
D) The Chinese migration of rural workers to more productive urban jobs.
D
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The _________ of whites in poverty in the U.S. is greater than that of blacks and Hispanics.
A. percentage B. total number C. fraction D. none of these answer options are correct.
In average cost pricing, the natural monopoly would have to set price equal to
A) AFC. B) AVC. C) ATC. D) MC.
A firm's cost of variable inputs per unit of output is known as
a. average total cost b. average fixed cost c. marginal cost d. total variable cost e. average variable cost
What happens to the monetary base if people, fearing a bank run, convert their checking deposits into currency holdings?
What will be an ideal response?