16. Which of the following is the most accurate statement? a. In recent decades

Question

16. Which of the following is the most accurate statement? a. In recent decades labor productivity has contributed more to U.S. growth than labor hours worked. b. In recent decades labor productivity has contributed less to U.S. growth than labor hours worked. c. Most of the U.S. labor force is in some kind of remission. d. Capital expansion in Africa has been adequate for continued growth there. e. none of the above are very accurate statements. 17. Which of the following would not shift the production possibilities curve outward? a. an increase in resource prices b. an increase resource productivity c. an improvement in technology d. an increase in the quantity of resources. e. none of the above

Explanation / Answer

16. The correct answer is A. With improved technology, productivity will improve. The correct answer is A.

17. The correct answer is A. An increase in resource prices will not shift the curve outward/

30. The correct answer is E.

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