Increases in the prices of services due to improvement in its quality indicate a(n) _____
a. decline in productivity.
b. decline in real GDP.
c. increase in output.
d. decline in manufacturing output.
e. increase in technological progress.
c
Economics
You might also like to view...
If Dana can paint his house faster than Luke, a professional house painter, then
a. Dana has a comparative advantage in house painting b. Dana has an absolute advantage in house painting c. Luke has a comparative advantage in house painting d. Luke has an absolute advantage in house painting e. Dana should always paint his own house
Economics
Exhibit 10-6 Aggregate supply curve
In Exhibit 10-6, the economy's employment potential is fully exhausted at:
A. GDP = $1,000 billion. B. GDP = $1,100 billion. C. GDP = $1,200 billion. D. the employment potential is never fully exhausted.
Economics