Productivity fluctuates along a business cycle because
A. firms usually keep excess labor.
B. workers tend to become less productive during expansions.
C. workers tend to become more productive during expansions.
D. Both B and C are correct.
Answer: A
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Refer to the scenario above. What is the present value of the benefits of buying the extended warranty?
A) $33.04 B) $39.82 C) $52.10 D) $60
The unemployment rate as determined by the BLS will increase whenever there is a(n)
a. increase in the number of persons classified as underemployed b. increase in the number of unemployed persons while the size of the labor force remains unchanged c. increase in both the number of unemployed and the size of the labor force d. reduction in the size of the labor force e. reduction in both the size of the labor force and the number of unemployed
A direct relationship exists when:
A. there is no association between two variables. B. one variable increases and there is no change in the other variable. C. one variable increases and the other variable increases. D. one variable increases and the other variable decreases.
Refer to the above graphs. Which pairs of budget constraints represent only a decrease in the price of X, but no change in income and no change in the price of Y?
A. Graph A B. Graph B C. Graph C D. Graph D