Specialized growth is typically the result of an increase in the ability of resources to
A. compete with imported goods.
B. produce all goods.
C. produce certain goods.
D. produce exported goods.
Answer: C
Economics
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When demand is elastic, marginal revenue is
A) positive. B) negative. C) zero. D) increasing as output increases. E) undefined.
Economics
Which of the following is true about labor productivity?
A) it is the amount of total factor productivity (TFP) per unit of labor B) it is more difficult to measure than TFP C) it is a more general and better measure of productivity than TFP D) all of the above E) none of the above
Economics