All of the following are reasons why China is unlikely to maintain high enough rates of productivity growth to catch-up with the standard of living in the United States except
A) because of the low birth rate in China, the labor force will soon decline.
B) much of China's growth is likely due to the transition from a centrally-planned economy to a market economy.
C) the Chinese migration of rural workers to more productive urban jobs.
D) the United States invests more in research and development. than does China.
C
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An increase in population results in an increase in demand
Indicate whether the statement is true or false
The unemployment that is caused by changes in the economy, such as shifts in manufacturing techniques, increased use of computers and electronic machines, and increases in the production of services instead of goods, is called
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) natural unemployment.