A country has 6,000 total efficiency units of labor. If the average efficiency of each worker in the economy doubles, the country will have ________ efficiency units of labor, everything else remaining unchanged
A) 48,500 B) 36,000 C) 300 D) 12,000
D
Economics
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Monopolistic competitive firms in the long run earn:
a. negative economic profits. b. zero pure economic profits. c. None of these choices are correct. d. positive economic profits.
Economics
We can roughly estimate how long it will take a country to double its real GDP per capita using the:
A. rule of 60. B. rule of 70. C. GDP deflator. D. growth estimator.
Economics
Nominal GDP in a given year is GDP
A) valued in the prices of the base year. B) valued in the prices of that year. C) adjusted for inflation. D) adjusted for the value of intermediate goods.
Economics
What is the main problem with rules of origin?
What will be an ideal response?
Economics