Which of the following stands true for factors that affect changes in productivity across countries and over time?
a. It is more difficult to measure changes in the quality of goods than changes in the quality of services.
b. As energy prices go up, energy-efficient capital goods become obsolete.
c. It is believed that productivity grows more slowly in manufacturing industries than in services, because of the less labor-intensive nature of manufacturing industries.
d. The key to efficient production is the allocation of resources to their best use.
e. The greater the productivity, the more efficient the allocation of resources, and the less developed a country's financial market would be.
d
You might also like to view...
With the creation of the Federal Deposit Insurance Corporation
A) member banks of the Federal Reserve System were given the option to purchase FDIC insurance for their depositors, while non-member commercial banks were required to buy deposit insurance. B) member banks of the Federal Reserve System were required to purchase FDIC insurance for their depositors, while non-member commercial banks could choose to buy deposit insurance. C) both member and non-member banks of the Federal Reserve System were required to purchase FDIC insurance for their depositors. D) both member and non-member banks of the Federal Reserve System could choose, but were not required, to purchase FDIC insurance for their depositors.
Resources that flow through the circular flow model include all of the following except:
A. land. B. labor. C. capital. D. final goods.