Which of the following would cause a decrease in both the price and quantity of a good exchanged?
a. A strike by production workers in the industry
b. A subsidy to the industry from the government.
c. A decrease in advertising expenditures by the industry.
d. A decrease in the price of a complement good.
c
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The widespread adoption of computers in the workplace has likely led to
A) an increase in labor productivity because computers are a capital good. B) a decrease in labor productivity because computers are a capital good. C) an increase in the supply of labor because people are needed to operate the computers. D) no change in the quantity of labor hours. E) a decrease in human capital because computers are physical capital.
In cases where no employer-specific skills are required for a particular job, a long-term relationship between an employer and an employee is unlikely
Indicate whether the statement is true or false
In which of the following occupations would employees be organized into craft/trade unions:
A. Hotel employee B. Restaurant worker C. Salesperson D. Plumber
In contrast to richer countries, most residents of poorer nations will have
A. only some primary education. B. primary and secondary education. C. higher education. D. higher levels of productivity.