Economic growth is a result of:
A. A reduction in the unemployment rate
B. An increase in the opportunity costs of production
C. A decrease in the demand for resources
D. An increase in the supply of resources
Answer: D
Economics
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In the above figure, if the minimum wage is set at $6 per hour, what quantity of labor is employed?
A) 100 million hours B) 200 million hours C) 300 million hours D) 400 million hours
Economics
In 2014, China had accumulated $3.8 trillion worth of reserve assets. These $3.8 trillion entered into China's balance of payments in the:
a. Trade balance. b. Balance on goods and services. c. Financial Account. d. The total amount did not enter into China's balance of payments. Only changes enter the balance of payments.
Economics