This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Economic growth is equal to: a. total factor productivity plus amounts of resources. b. growth in ... (Read 126 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
Economic growth is equal to:
 a. total factor productivity plus amounts of resources.
  b. growth in total factor productivity plus growth in amounts of resources.
  c. total factor productivity minus marginal factor productivity.
  d. real GDP plus national output.
  e. GNP plus GDP.

Question 2

Which of the following is the most important determinant of the elasticity of supply?
 a. The number of uses for the product.
 b. The number of close substitutes to the product available to consumers.
 c. The amount of time producers have to adjust their behavior in response to a price change.
  d. The percentage of their incomes consumers spend on the product.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


kellyjaisingh

  • Member
  • Posts: 540
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Growth of yeast cells in culture fits the logistic growth model. Growth of yeast cells in culture fits the logistic growth model.
Binding site variation for transcription factor CEBPA along gene PCK1 as determined by ChIP Binding site variation for transcription factor CEBPA along gene PCK1 as determined by ChIP
Calculating Growth Rate of Bacteria Calculating Growth Rate of Bacteria
economic question economic question
economic question economic question
economic question economic question
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library