If There Was Both an Increase in Technology and an Increase

question 35

Multiple Choice

If there was both an increase in technology and an increase in labor force participation, real GDP growth would ____ and real GDP growth per capita would ____.

• A)​increase: increase
• B)​be indeterminate; be indeterminate
• C)​be indeterminate; decrease
• D)​increase; be indeterminate

Analyze the impact of changes in costs, prices, and interest rates on optimal resource extraction levels.

Explain the sustainability and management of renewable resources and their impact on optimal extraction levels.

Understand the impact of the Cold War on domestic and foreign policy in the United States.

Recognize the key events and figures of the early Cold War era, including McCarthyism and Operation Wetback.

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Definitions:

Exchange Rates

The value of one currency expressed in terms of another currency.

Bretton Woods Accord

An agreement established in 1944 that set the exchange rate system and established the International Monetary Fund and the World Bank.

Fixed

Expenses that remain constant for a period of time and do not vary with production levels or sales volume.

Specified Levels

Predetermined benchmarks or criteria that need to be met within certain contexts, such as quality standards or performance thresholds.