Workers in an economy are likely to be more productive if:
A) the economy has a high capital stock. B) the unemployment rate in the economy is low.
C) the rate of inflation in the economy is high. D) the size of the population is high.
A
You might also like to view...
Mass production was made possible by mass consumption, a national market and international trade
Indicate whether the statement is true or false
Lois sells ten sweaters she had knitted to a retail store. The gross domestic product (GDP) of her country _____
a. will increase b. will decrease c. will remain unaffected d. will increase only if the sweaters are as good as the sweaters sold by other retailers e. will increase if the price of each sweater is less than the cost of inputs required
If the price elasticity coefficient equals 4.2, then demand is relatively inelastic with regard to price
a. True b. False Indicate whether the statement is true or false
Economic models
A. are simplified representations of the real world. B. must use laboratory experiments. C. must capture every detail or interrelationship that exists. D. all of these are correct.