Over the last 50 years, U.S. labor productivity grew the fastest during the ________ because of ________
A) 1990s; advancements in healthcare due to the unlocking of the human genome
B) 1980s; the invention of the computer and the oil embargo
C) 1970s; an increase in government taxes and expanded regulations
D) 1900s; the war on terror and return to the basics of education
E) 1960s; fast paced technological change and large increases in human capital accumulation
E
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In a small country, the adult population equals 10,000. In that country, 8,000 people are in the labor force and 200 people are unemployed. The unemployment rate equals
A) 2.5 percent. B) 2 percent. C) 4 percent. D) an undetermined amount given the lack of information.
Which central bank has its exchange rate as a focus of its monetary policy?
A) Bank of Canada B) Bank of England C) European Central Bank D) Federal Reserve
An increase in the wage rate lowers the opportunity cost of leisure and induces people to enjoy more leisure
a. True b. False Indicate whether the statement is true or false
If an increase in the price of good X causes the demand curve for product Y to shift to the right, then X and Y are most likely to be which of the following?
a. Shoes and laces b. Tennis balls and tennis rackets c. Turkey and chicken d. Knives and forks e. DVD players and DVDs