18. An Increase in Productivity is a function of: a. advances in technology whic

Question

18. An Increase in Productivity is a function of: a. advances in technology which save time b. additional training and education of the labor force c. increased investment in capital goods d. tax cuts, worker perks and incentives e. All of the above f. a and b only 19. An increase in consumption can result from: a. A decrease in taxes b. A rise in real income c. A decrease in the savings rate d. A rise in real estate values e. A rise in the stock market averages f. All of the above 20. According to Keynes, business people make investment decisions based on: a. Interest rates only b. Expectations of future profits c. Their stock prices d. Technology and Innovations e. Both b and d f. Their Board of Directors vote

Explanation / Answer

18) e is correct

All of the above leads to increase in labor productivity

19) f is correct

Increase in stock market averages and real estate values increases the wealth of consumption which leads to increase in consumption.

20) e is correct

Expectation of future profit and technology and innovation are the determinants of investment.

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