The movement of workers from lower productivity jobs to higher productivity jobs would be an example of:
A. network effects.
B. technological advance.
C. simultaneous consumption.
D. improved resource allocation.
Answer: D
Economics
You might also like to view...
Price controls may be thought of as
A) a restraint on the rationing function of prices. B) useful tools that promote production. C) necessary in market economies. D) the freeing-up of free market forces.
Economics
If managers minimize costs they have maximized profits
Indicate whether the statement is true or false
Economics