Which of the following is not one of the three pillars of productivity growth?

A. Rate of capacity utilization
B. Rate of technological improvement
C. Rate of improvement in workforce quality
D. Rate of capital expansion

Answer: A

Economics

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A change in the price of a good ________ its supply curve and ________ a movement along its supply curve

A) does not shift; causes B) shifts; does not cause C) does not shift; does not cause D) shifts; causes E) None of the above because the change in the price might cause either a shift in the supply curve or a movement along the supply curve depending on the size of the change.

Economics

When homeowners sell a house, part of the paperwork they complete is a statement of disclosure on which the homeowners are supposed to reveal everything that they know is wrong with the house. The purpose of the statement of disclosure is to try to solve the

a. principal-agent problem. b. moral-hazard problem. c. adverse-selection problem. d. signaling problem.

Economics