Without an increase in the supplies of factors of production, how can a nation achieve economic growth?
A) by producing more high-value goods and fewer low-value goods
B) by increasing the prices of factors of production
C) through technological advancement which enables more output with the same quantity of resources
D) by lowering the prices of factors of production
C
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The United States has done very poorly at the high end of the value-added chain.
Answer the following statement true (T) or false (F)
Which of the following is a true statement about factors relating to productivity growth in the last decade?
A. Information technology changes have had little measurable impact on U.S GDP growth B. Average world productivity growth has exceeded U.S. productivity growth C. United States productivity growth has exceeded average productivity growth in the rest of the world D. European labor markets are more flexible than U.S labor markets
In the above figure, in order to promote an efficient allocation of resources, the government could grant a subsidy equal to
A) zero. B) $5 per unit. C) $10 per unit. D) $15 per unit.
In what ways does a certificate of deposit (CD) differ from a savings deposit?
What will be an ideal response?