Capital deepening occurs when
a. the capital stock increases for a given labor force
b. the capital stock decreases for a given labor force
c. output decreases
d. employment increases
e. investment decreases
A
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Adverse selection:
A. occurs when buyers and sellers have different information about the riskiness of a situation. B. can result in failure to complete transactions that would have been possible if both sides had the same information. C. refers to the tendency for people with higher risk to be drawn toward insurance. D. All of these statements are true.
In recent years, the largest trading partners of the United States have been
a. Germany, France, Spain, and the United Kingdom. b. Canada, Mexico, China, and Japan. c. Canada, Brazil, Argentina, and Chile. d. Russia, Venezuela, Saudi Arabia, and Indonesia.
What is one kind of monopoly that the U.S. government generally permits?
a. the telephone company b. professional sports leagues c. low-price gasoline d. certain kinds of medications
Share distribution of income is the relative division of total income among:
A. nationality groupings. B. income groupings. C. capitalists, workers, and landowners. D. socioeconomic groupings.