Which of the following will result in an increase in labor productivity?
A) a decline in the capital stock per hour worked
B) a decline in the amount of human capital per worker
C) an increase in technology
D) a decrease in the number of people attending institutions of higher education
C
Economics
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A surplus is defined as
A) the excess of total expenditures over total revenues. B) government spending plus transfer payments. C) the sum of all past borrowing by the government. D) the excess of total revenues over total expenditures.
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A tariff is a tax on
A) all exported goods imposed by the WTO. B) imported goods. C) shipping containers. D) foreign exchange transactions.
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