UMUC ECON201 Homework 2 2015
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Chapter 7 random
Question 1 1 / 1 point
Which of the following factors contribute to economic growth?
a) an increase in the standard of living
b) a decrease in the productivity of labor
c) an increase in the average wage rate paid to workers
d) an increase in the proportion of the population that is college educated
Question 2 1 / 1 point
In the long run, the most important source of increase in a nation's standard of living is ...
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Submission View
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Chapter 7 random
Question 1 1 / 1 point
Which of the following factors contribute to economic growth?
a) an increase in the standard of living
b) a decrease in the productivity of labor
c) an increase in the average wage rate paid to workers
d) an increase in the proportion of the population that is college educated
Question 2 1 / 1 point
In the long run, the most important source of increase in a nation's standard of living is ...