If capital per worker rises
A) labor productivity decreases.
B) no technological progress occurs.
C) labor productivity increases.
D) firms respond by raising their prices.
C
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Which of the following is most likely a private good?
A. The administration of justice. B. National defense. C. Sidewalks. D. Bicycles.
If a trader is short in the cash market, she has the capability to deliver a commodity
a. true b. false
If a perfectly competitive firm in the short run is producing where P = ATC = MC, this firm is
A) incurring losses. B) earning economic profits. C) obliged to shut down. D) on the downward-sloping portion of its demand curve. E) at its profit-maximizing output level.
An increase in government spending by $100 would, if the MPC = 0.90, result in an increase in real GDP by:
A. $1,000. B. $9,000. C. $900. D. $190.