Historically, the total amount of real capital per worker in the United States has:
A) Provided financing for the industrial expansion of business
B) Increased significantly and made labor more productive
C) Been the single most important determinant of economic growth
D) Remained relatively constant, although the quality of capital has improved dramatically
Correct Answer:
Verified
Q51: In the U.S. economic-growth experience:
A) Most capital
Q52: Technological advances that contribute to economic growth
Q53: The movement of workers from lower productivity
Q54: Technological advance is very tightly intertwined with:
A)
Q55: In the U.S. in the past six
Q57: The table below shows the quantity of
Q58: Labor productivity can only increase if:
A) Labor
Q59: Human capital refers to the:
A) Tools and
Q60: Which of the following is the single
Q61: Sources of increasing returns that help raise
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