Which of the following does not contribute to an improved standard of living?
A) increases in the amount and quality of available resources
B) better technology
C) lower prices for the necessities of life
D) improvements in the "rules of the game"
E) increases in the quality of labor
Correct Answer:
Verified
Q9: What is the definition of productivity?
A)output plus
Q10: Productivity is defined as
A)the ratio of a
Q11: Long-term growth in production can be explained
Q12: "The most important factor in determining a
Q13: The difference between human capital and physical
Q15: If on-the-job experience causes labor productivity to
Q16: If Q is total real output,K is
Q17: An example of an increase in human
Q18: The rules of the game refer to
A)any
Q103: The most important factor in determining a
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