Although national defense is currently a public good, economists who advocate small government generally agree that the U.S. should privatize national defense to increase the efficiency of the good

Which of the following is NOT an important factor affecting economic growth?

A) the rate of growth of capital B) the rate of saving C) the rate of growth in labor productivity D) the growth of leisure

Which of the following would cause an increase in the equilibrium wage?

A) The supply of labor increases and the demand for labor decreases. B) The supply of jobs increases less than the demand for jobs. C) The demand for labor increases faster than the supply of labor. D) The supply of labor increases more than the demand for labor.