The nation's supply of productive resources increases if
A) investment is greater than depreciation.
B) investment equals depreciation.
C) investment is less than depreciation.
D) Both answers A and B can be correct.
E) None of the above answers is correct because the relationship between investment and depreciation has no bearing on the amount of the nation's productive resources.
A
You might also like to view...
Prejudice leads, inevitably, to economic discrimination.
Answer the following statement true (T) or false (F)
The Interstate Highway system in the U.S. has boosted economic productivity mainly through ________
A) the positive impact on tourism B) reduction in transportation costs C) increased competition among fast food restaurants D) increased speed of military deployments
If Sharnae's individual labor supply curve is backward sloping, then Sharnae responds to an increase in her
a. wage by working fewer hours per week. b. opportunity cost of leisure by taking more hours of leisure per week. c. wage by working more hours per week. d. Both a and b are correct.
The demand curve for a monopoly's product is
A) the market demand for the product. B) more elastic than the market demand for the product. C) more inelastic than the market demand for the product. D) undefined.