Among the answers given below, which one does not explain why an economy grows?
a. growth of population and the labor force
b. capital accumulation and capital deepening
c. technological change
d. high death rates and high birth rates
e. increases in skill levels for workers
D
Economics
You might also like to view...
Refer to Table 2-18. What is Minnie's opportunity cost of making a hat?
A) 1/5 of an umbrella B) 1/4 of an umbrella C) 4 umbrellas D) 10 umbrellas
Economics
Suppose that Christine values a baseball hat at $20, and Mark values one at $18 . The pretax price of a baseball hat is $14 . The government imposes a $5 tax on baseball hats, which raises the price to $19 . What is the deadweight loss from the tax?
Economics