Sustained economic growth in the U.S. has been primarily a product of which of the following factors?
(a) War and exploitation of natural resources
(b) Capital accumulation, increases in capital and labor productivity,
and technological advancements
(c) Restricted trade
(d) Government policies and market interventions
(b)
You might also like to view...
Which of the following is a non-price determinant of supply?
A) the price of related goods consumers may buy B) technological advances in production C) consumers' incomes D) the number of consumers
A quota is
A) a government-imposed restriction on the quantity of a specific good that can be imported into a country. B) a tariff imposed on goods that are dumped into the home country. C) a tariff imposed on goods that are subsidized by their domestic governments and exported to other countries. D) a tariff based on the value of the imported good.