In the above table, the technique that is not technologically efficient is
A) A.
B) B.
C) C.
D) D.
C
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What leads to a decrease in the quantity supplied of a good or service?
What will be an ideal response?
How does a change in taxes primarily affect aggregate demand? a. A tax change alters exports and net exports
b. A tax change alters investment by an equal and opposite amount. c. A tax change alters disposable income and consumption spending. d. A tax change alters government purchases by an equal amount.
Which of the following is the correct formula for computing GDP?
a. GDP = consumption + private investment + government spending + exports - imports b. GDP = consumption + public investment + government spending + exports - imports c. GDP = consumption + private investment + government spending - exports - imports d. GDP = consumption + private investment + government spending + transfers e. GDP = consumption + private investment + tax revenue + transfers
There are several important differences between the Fed and the European Central Bank (ECB). What are they?
What will be an ideal response?