Which of the following could impede productivity improvements?
A. Technological advances.
B. Management training.
C. Higher ratios of capital to labor.
D. Lack of savings.
Answer: D
You might also like to view...
The opportunity cost of holding money balances rather than holding other assets is
A) the nominal interest rate. B) the price level. C) forgone consumption. D) forgone liquidity.
Under perfect competition,
a. a single seller sets the price b. sellers can easily enter or exit the market c. a small number of sellers offer differentiated products d. a government franchise protects sellers e. an intense rivalry between two powerful firms determines the market price
If a firm can influence the market price of the good it sells, then it is said to have __________
Fill in the blank(s) with correct word
The law of demand states that
A. scarcity can never be solved. B. when the price of a product falls, people buy more of it. C. prices will continue to rise as long as the population grows. D. supply creates its own demand.