One plausible explanation of the U.S. productivity slowdown starting in 1973 is that it was a result of the increase in the relative price of energy. This explanation would require that, in light of higher energy costs, the
A) capital stock is overestimated.
B) capital stock is underestimated.
C) labor force is overestimated.
D) labor force is underestimated.
A
Economics
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A very high fixed cost and a relatively low marginal cost is associated with
A) every type of good or product. B) an information product. C) a persuasive good. D) an experience good.
Economics
If Utopia has a closed economy, the price of tile is $________ per case, and if it has an open economy the price of tile is $________ per case.
A. 15; 10 B. 30; 15 C. 20; 15 D. 15; 20
Economics