Adam Smith identified all of the following as factors contributing to a nation's economic growth, except
a. size of the labor force
b. degree of labor specialization (or division of labor)
c. size of the capital stock
d. level of technology
e. the level of government spending
E
Economics
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Suppose that the European Central Bank conducts a main refinancing sale. Everything else held constant, this would cause the demand for U.S. assets to ________ and the U.S. dollar will ________
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
Economics
An increase in labor supply will increase the equilibrium wage rate
a. True b. False
Economics