Which measure of productivity is calculated as a residual?
A. Labor force productivity
B. Labor force participation
C. Real GDP
D. Total factor (or multifactor) productivity
Answer: D
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The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former
A) has only two countries. B) has only two products. C) has two factors of production. D) has two production possibility frontiers (one for each country). E) has varying wage rates.
Dodd-Frank addressed many of the issues that led to the financial crisis. Which of the following was NOT addressed by Dodd-Frank regulations?
A) stricter consumer protection laws B) privately owned, government-sponsored enterprises (GSEs) such as Fannie mae and Freddie Mac C) resolution authority over the large financial institutions D) higher requirements on firms dealing in derivatives