Potential output can be increased by ____ or by ______?

Long Term Economic Growth 18/12/2020

A. increasing the use of labor increasing the use of land
B. increasing the use of capital increasing the use of labour
C. increasing the use of land increasing the use of capital
D. increasing the use of all inputs, technical advances

Related Mcqs:

    The business cycle is not transmitted from one country to another through ?
    A. private sector imports and exports B. economic policy C. the duration of compulsory education D. labor supply changes...
    The belief that the rate of growth depends upon technological progress facilitated by institutions incentives and government is known as ________ growth theory?
    A. endogenous B. exogenous C. beta D. convergence...
    GDP per head may be an imperfect measure of economic welfare because it excludes ?
    A. the value of leisure B. Externalities C. Untraded goods D. Change in the distribution of income E. All of the above...
    The business cycle describes fluctuations in output around the?
    A. trend path of output B. boom C. recession D. short-run fluctuations in output...
    All of the following are parts of the business cycle except ?
    A. boom B. slump C. recovery D. acceleration...

Leave a Reply

Your email address will not be published. Required fields are marked *