An economy's resources:
a. are limited in quantity.
b. are always efficiently utilized.
c. consist of land, labor, capital, and money.
d. are unrelated to its standard of living.
e. are unlimited when we use the latest technology.
a
Economics
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The largest component of output growth in the U.S. is
a. labor productivity growth. b. capital growth c. labor growth. d. knowledge growth. e. None of the above.
Economics
Suppose a country with a fixed exchange rate decides to reduce the price of its currency. This change in policy is called
A) an appreciation. B) a depreciation. C) a peg. D) a devaluation. E) a revaluation.
Economics