Question
20) Which of these is NOT a factor of economic growth? decrease in the savings rate investment in human capital increase in the capital stock
20) Which of these is NOT a factor of economic growth?
decrease in the savings rate
investment in human capital
increase in the capital stock
increase in the size of the labor force
29) Which are the principal resources that can be changed through actions taken by the government?
labor and entrepreneurial ability
capital and entrepreneurial ability
capital and labor
labor and land
34) Industries at a comparative disadvantage may find it necessary to decrease their workforce.
False
True
35) A curve of which shape reflects the reality that most goods are better suited for specific sorts of production?
convex possibilities frontier
downward-sloping production possibilities frontier
straight-line production possibilities frontier
concave production possibilities frontier
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