Labor productivity can increase without capital deepening with changes in
a. saving
b. technology
c. the quality of natural resources
d. the natural resource base
e. the capital-labor ratio
B
You might also like to view...
If the demand curve facing the monopolist is P = 70 - 14Q, then the slope of its marginal revenue curve is:
A. -14. B. -28. C. -7. D. - 35.
When a bank receives $100,000 in new deposits, the amount of loans the bank can make is limited by
A) the Treasury Department. B) federal law. C) its desired reserve ratio. D) the annual federal budget. E) state law, with banks in different states being able to make different amounts of loans.
Although not included in the M1 definition of money, ______ are part of the M2 definition of currency.
a. traveler’s checks b. coins c. checkable deposits d. money market mutual fund shares
An increase in personal income tax rates will cause a(n):
a. Increase in the quantity of real domestic output demanded b. Decrease in the quantity of real domestic output demanded c. Decrease in aggregate demand d. Increase in aggregate demand