Which of the following contribute to high levels of U.S. production?
a. Immigration restrictions.
b. Barriers to trade.
c. Labor-intensive production.
d. Abundant factors of production.
Answer: d. Abundant factors of production.
Economics
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Classical economists tend to
A) support Say's law. B) see unemployment as a persistent economic problem. C) reject the equality of savings and investment. D) believe in Keynesian economics.
Economics
Audit studies suggest that there may be stark differences in the opportunities available to minorities and women, yet regression analyses suggest that people of every color and gender earn what they can expect to earn, given their characteristics
Indicate whether the statement is true or false
Economics