Multiple Choice
Which of the following is correct?
A) An increase in the quantity of labor always leads to economic growth.
B) Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital.
C) A decrease in the productivity of labor leads to economic growth.
D) Japan and Hong Kong are rich in natural resources.
Correct Answer:
Verified
Correct Answer:
Verified
Q51: Capital formation is a key component of
Q52: Thomas Malthus believed that in the long
Q53: The slower the rate of capital formation:<br>A)the
Q54: The per-worker production function is _ sloped
Q55: As savings grow in an economy, economic
Q57: Does the political freedom existing in democracies
Q58: Brazil has a relatively low income per
Q59: Thomas Malthus's predictions did not come to
Q60: Economists generally define economic growth as an
Q61: Which of the following is false?<br>A)Accepting a