Physical capital differences across countries can be seen in the fact that
A) more advanced economies typically have more sophisticated technology.
B) the iPhone's components are produced in 30 countries.
C) furniture factories in China use machines like those in North Carolina.
D) students in India study the same subjects as those in the United States.
E) advanced economies produce 53 percent of the world's income.
A
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The labor supply shock hypothesis suggests that
A) the United States and Europe are following similar labor market policies. B) there is a one-way causation from labor productivity to real wage growth. C) slow real wage growth and slow productivity growth are simultaneously determined by the labor market system. D) B and C. E) none of the above.
The schedule describing the Keynesian consumption function will become steeper with an increase in ________
A) consumption spending B) autonomous consumption C) the marginal propensity to consume D) the marginal propensity to save
Producer?producer rivalry functions:
A. only when multiple sellers for a product compete in the market. B. even when customers are not scarce. C. only when single sellers for a product compete in the market. D. regardless of the number of sellers.
A company requires that all new employees become certified in using Microsoft Office. This investment is in ________ capital.
A. tangible B. financial C. productive D. human