The Data Show That in the Long Run, Sustained Growth

question 236

Multiple Choice

The data show that in the long run, sustained growth in the quantity of labor will come from

• A) continual increases in average hours.
• B) constant increases in the labor force participation rate.
• C) constant decreases in the unemployment rate.
• D) increases in the population.
• E) increases in labor productivity.

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Definitions:

Risk Bearing

The acceptance of the possibility of loss on an investment or business venture, along with the responsibility of managing and mitigating potential risks.

Usury Law

Regulations governing the amount of interest that can be charged on a loan, intended to protect borrowers from exorbitant rates.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Usury Laws

Legal statutes regulating the maximum interest rates that can be charged on loans, aimed at preventing predatory lending practices.