Labor productivity can increase without capital deepening with changes in
a. saving
b. technology
c. the quality of natural resources
d. the natural resource base
e. the capital-labor ratio
B
Economics
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The rise in equilibrium GDP shifts the money demand curve to the left
a. True b. False
Economics
If the federal government began granting a subsidy of 10 cents per apple to apple growers and as a result the price of apples to consumers falls by 8 cents,
a. the actual benefit of this subsidy goes mostly to consumers. b. the actual benefit of this subsidy goes mostly to producers. c. the actual benefit of this subsidy would be shared equally by producers and consumers. d. nobody would benefit from the subsidy.
Economics