out of class final Economic exam test 2020.docx - Name_Diana Yanez Date Class Economic 110-03 FINAL EXAM ECONOMICS Out of Class Answer questions below

out of class final Economic exam test 2020.docx -...

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Name:_Diana Yanez_ Date:__04/17/20___________ Class: Economic 110-03: FINAL EXAM: ECONOMICSOut of ClassAnswer questions below by circling the best answer (Comprised of Chapters Six through Ten) 1. Growing productivity is therefore critical to a standard of living and has kept the U.S economy a world leader?” a.False b. True 2. “There is a clear blueprint of the economy to follow?” a.False b. True 3.__ is” a process that transforms resources into goods and services?” a.Labor productivity c. Productivityb.Production d. None of the above 4. “Productivity is defined as the ratio of specific measure of input?” a.True b. False 5.“Capital deepening is a decrease in the amount of capital per worker; one source of raising labor productivity”? 6.“Net wealth is the value of all assets plus liabilities?”
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