A key reason why some nations show little or no growth is
A) overpopulation that overuses limited resources.
B) lack of incentives to undertake actions toward growth.
C) too much private property not directed by the government.
D) patents in rich nations that keep technology only for the rich.
E) too much international trade so that all economic growth spills over to foreigners.
Correct Answer:
Verified
Q218: Labor productivity increases if
I.human capital decreases.
Ii.technology advances.
Iii.quality
Q219: The productivity curve
A)has a positive slope.
B)has a
Q220: According to the law of diminishing returns,an
Q221: Labor productivity equals _.
A)real GDP × aggregate
Q222: A technological change _ and a change
Q224: If real GDP is $1,200 billion,the population
Q225: If capital per hour of labor decreases,real
Q226: If a country lacks _,economic growth _.
A)a
Q227: Labor productivity equals
A)real GDP divided by the
Q228: If the level of technology rises,GDP per
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents