Additional capital makes its best contribution to economic growth by
A. Enhancing labor productivity.
B. Giving savers more money to put into investment.
C. Replacing labor.
D. Allowing service industries to replace manufacturing industries as primary employers.
Answer: A
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In the above figure, the economy is initially at point B. If the government decreases transfer payments, there is
A) a movement to point C. B) a movement to point A. C) a shift to AD2. D) a shift to AD1.
With which country did the Debt Crisis of the early 1980s begin?
A) France B) Mexico C) Argentina D) Japan E) Germany
A slump in one industry could increase the relative attractiveness of another industry:
A. increasing the quantity of labor supplied in the latter. B. decreasing the quantity of labor supplied in the latter. C. increasing the quantity of labor demanded in the latter. D. decreasing the quantity of labor demanded in the latter.
A firm's profit can be calculated by subtracting its total revenue from its total costs
a. True b. False Indicate whether the statement is true or false