Which of the following is not a reason for differences in total factor productivity across countries?
A) Differences in the size of population.
B) learning by doing.
C) barriers to the adoption of new technology.
D) inefficient allocation of factors of production across firms in some countries.
A
You might also like to view...
Households use all of their disposable income ________ and ________
a. to pay taxes; social security b. for consumption; to pay taxes c. for consumption; saving d. for rent; groceries
Only _________ of new businesses survive.
a. 5% b. 10% c. 20% d. 40% e. 50%
If planned aggregate expenditure (PAE ) in an economy equals 2,000 + 0.8Y and potential output (Y*) equals 11,000, then this economy has:
A. no autonomous expenditure. B. a recessionary gap. C. no output gap. D. an expansionary gap.
According to Okun's law, when cyclical unemployment is negative, the output gap:
A. is positive. B. equals the rate of cyclical unemployment. C. equals zero. D. is negative.