Multiple Choice
An increase in total factor productivity involves
A) a more educated workforce.
B) a reduced real wage.
C) a better technology for converting factor inputs into aggregate output.
D) an increase in the capital stock.
E) more government spending.
Correct Answer:
Verified
Correct Answer:
Verified
Q37: Intertemporal substitution of labour suggests that<br>A) the
Q38: An economy that engages in international trade
Q39: The widening productivity gap between Canada and
Q40: In an economic model,an exogenous variable is<br>A)
Q41: An externality is any activity for which
Q43: An example of a negative externality is<br>A)
Q44: The real wage is determined by<br>A) the
Q45: Fiscal policy refers to a government's choices
Q46: In a one-period economic model,the government budget
Q47: Points on the production possibilities frontier have