We can increase the United States' rate of economic growth by
A. devoting more output to capital goods.
B. devoting more output to improving our technology.
C. devoting more output to improving the quality of our labor force.
D. all of the choices are true.
D. all of the choices are true.
You might also like to view...
Once a firm has selected a price for its product, quantity is decided by consumers and their demand curves
a. True b. False Indicate whether the statement is true or false
The marginal cost curve intersects the short-run average total cost curve where:
A. marginal cost is minimized in the short run. B. average variable costs are minimized in the short run. C. average total costs are minimized in the short run. D. average variable costs are maximized in the short run.
Which of the following is not true for a firm in perfect competition?
A) Profit equals total revenue minus total cost. B) Price equals average revenue. C) Average revenue is greater than marginal revenue. D) Marginal revenue equals the change in total revenue from selling one more unit.
The diversion of surplus labor in agriculture to the production of schools or roads in developing countries is described as:
A. Land reform B. The brain drain C. In-kind investment D. A capital-using technological advance