The steeper the slope of the total product curve, the
A) larger is the marginal product of labor.
B) smaller is the marginal product of labor.
C) higher is the level of the total cost curve.
D) more efficient is the technology employed.
A
You might also like to view...
The United States experienced a depression in which of the following decades?
A. the 1920s B. the 1940s C. the 1950s D. the 1970s
Unemployment caused by a recession is called:
a. structural unemployment. b. frictional unemployment. c. involuntary unemployment. d. cyclical unemployment
If exchange rates are determined in a floating rate system, what determines the value of a U.S. dollar in terms of euros?
A. Government exchange rate policies B. IMF rules and policies C. Demand and supply D. Central bank interventions
The labor force participation rate includes
A. only those employed but looking for a job. B. both employed workers and discouraged workers not seeking jobs. C. only those who are employed. D. both employed workers and those unemployed but seeking employment.