If the labor force participation rate in an economy is 50%, and there are 100 million potential adult workers in the economy, the size of the labor force in the economy will equal:

Refer to Figure 8A.1. Moving from K0 to K1

A) saving becomes negative. B) capital stock continues to increase. C) depreciation starts to decline. D) economic growth stops.

An increase in the demand for a good will tend to bid up the cost of acquiring the good more

A) if suppliers respond by quickly making larger quantities available. B) if the cost of transferring resources out of other uses into production are low. C) in the short run than in the long run. D) if the supply curve is highly elastic.