In general, as productivity levels decrease, the potential for productivity growth
a. decreases.
b. increases.
c. remains the same.
d. decreases if GDP decreases.
b
Economics
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The above table shows production combinations on a country's production possibilities frontier. Which of the following points signifies efficient production?
A) 0 units of good X and 40 units of good Y B) 3 units of good X and 25 units of good Y C) 10 units of good X and 16 units of good Y D) 12 units of good X and 1 unit of good Y
Economics
If the required reserve ratio is .10, the demand deposit expansion multiplier is
A) .1. B) 4. C) 5. D) 10.
Economics