Which of the following is credited with making the greatest contribution to economic growth over time for the United States?
A. Improved management techniques.
B. Investment in capital.
C. Research and development.
D. Increased education.
C. Research and development.
You might also like to view...
Refer to Figure 23.6 for a perfectly competitive firm. Assuming that points A, B, C and D are all above AVC, this firm will maximize profits by producing the level of output that corresponds to point
A. C. B. D. C. A. D. B.
The marginal benefit of pollution abatement is graphically illustrated by
A. a vertical curve. B. a downward sloping curve. C. a horizontal curve. D. an upward sloping curve.
Use the figure below to answer the following question.
If the output level is Q1, then deadweight loss is indicated by the area
A. bce. B. 0abe. C. 0eQ1. D. ecf.
The total amount of producer surplus in a market is equal to the area above the market supply curve and below the market price
Indicate whether the statement is true or false