Multiple Choice
One characteristic that has allowed the U.S.economy to change the mix of output in response to consumer demand is the
A) Factor mobility which is the increased ease with which resources move from one industry to another.
B) Abundance of scarce resources.
C) Large number of proprietorships.
D) Labor-intensive production process.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Which of the following will contribute to
Q29: Income inequalities are greatest in<br>A)Highly developed countries.<br>B)Poor
Q30: If output growth exceeds population growth for
Q31: One-fifth of the population,rank ordered by income,is<br>A)A
Q32: The richest 20 percent of the families
Q34: During the past 100 years,the United States
Q35: The result of government intervention in the
Q36: The best measure of how much output
Q37: The income distribution of the United States
Q38: Outsourcing leads to<br>A)Increases in total output,but with