Both questions 15 & 16. (16 has MORE than one answer). sportation systems (roads, bridges, canals, ports and airports).O (b) Provision of private contracts insuring against the loss of cargo in transit, and other commercial risks.O (c) The expansion and augmentation of broadband internet.(d) Establishment of industry-wide interoperability standards in information and communication technology.O(e) All the aboveQUESTION 1515. Which of the following are important determinants of one's productivity?O (a) The tools, with which one works-tools that are often made available by the employer(b) The skill level of one's co-workersO (c) The economy's transportation and communication systemsO (d) The ethical behavior of society, at least as it relates to commercial transactions(e) All the aboveQUESTION 1616. Which of the following statements is true?(a) Mutually beneficial exchange requires the absence of coercion frau and the ability of the parties to the exchange beingbenefits.(b) For one country to gain from trade the other has to lose.(c) Only the most efficient producer of a good has the comparative advantage in that good.(d) Even the worst producer of all goods will always have a comparative advantage in at least one good and will be able to sell that good.(e) It is possible for exchange which is not mutually beneficial to go forward if the costs of "transition," (shifting resources from the import competing industry to theexport industry) are high enough.(f) The best way to counter the "special interest" problem where producers of import competing goods lobby against trade, is compensation.Click Save and Submit to save and submit. Click Save All Answers to save all answers.alculate their costs andMacBook Air

QUESTION 15 15. Which of the following are important determinants of one's productivity? O (a) The tools, with which one works-tools that are often made available by the employer O (b) The skill level of one's co-workers O (c) The economy's transportation and communication systems (d) The ethical behavior of society, at least as it relates to commercial transactions (e) All the above

QUESTION 15 15. Which of the following are important determinants of one's productivity? O (a) The tools, with which one works-tools that are often made available by the employer O (b) The skill level of one's co-workers O (c) The economy's transportation and communication systems (d) The ethical behavior of society, at least as it relates to commercial transactions (e) All the above

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 12SCQ: Why dues productivity growth in high-income economies not slow down as it runs into diminishing...

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Why dues productivity growth in high-income economies not slow down as it runs into diminishing returns from additional investments in physical capital and human capital? Does this show one area where the theory of diminishing returns fails to apply? Why or why not?