All of the following explain the growth in output per worker hour during the 20th century except
A. the quality of capital improved during that period.
B. the quality of labor improved during that period.
C. the worker-capital ratio decreased during that period.
D. the quantity of labor increased during that period.
Answer: C
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Which of the following statements about the importance of trade to the U.S. economy is true?
A) Overall, about 80 percent of U.S. manufacturing jobs depend directly or indirectly on exports. B) The United States is the second largest exporter in the world. C) The U.S. economy is highly dependent on international trade for growth in its gross domestic product. D) Since 1950, both exports and imports have steadily decreased as a fraction of U.S. gross domestic product.
What happens to net capital outflow as the real interest rate falls? Explain your answer
Productivity is output per unit of ___________.
Fill in the blank(s) with the appropriate word(s).
The Sherman Antitrust Act was passed to
A) protect companies from foreign competition. B) protect the monopoly profits of firms. C) control the growth of monopolies in the U.S. D) prevent market price from equaling marginal cost.