Which of the following describes the Soviet Union's economy through most of the second half of the 20th century?
A) The Soviet economy grew slowly because of the slow rate of technological change.
B) The Soviet economy grew because it added labor through immigration policy in the 1950s.
C) The Soviet economy increased capital per worker very slowly from 1950 through 1980.
D) The Soviet economy grew rapidly in the latter half of the 20th century.
A
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Consider the market for feather pillows. If there is an increase in the price of feather dusters, a substitute in production for feather pillows, then
A) there is a downward movement along the demand curve for feather pillows. B) the supply curve for feather pillows shifts leftward. C) the price of feather pillows decreases. D) the demand curve for feather pillows shifts rightward. E) the demand curve for feather pillows shifts leftward.
Real GDP per person tells us the income and expenditure of the average person in the economy
a. True b. False Indicate whether the statement is true or false