The slowdown in labor productivity growth from 1973 to 1995 ________ matched by a similar slowdown in MFP growth, suggesting that the growth rate of capital had ________ to do with the productivity problem
A) was, much
B) was, little
C) was not, much
D) was not, little
B
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The efficient markets hypothesis implies that future changes in exchange rates should for all practical purposes be
A) unpredictable. B) set by each country. C) increasing. D) pegged to a standard such as the U.S. dollar or the Euro.
A major hurricane causes production problems in Gulf Coast region of the United States. This would cause
A. the short-run aggregate supply curve to shift to the left, but there would be no effect on the long-run aggregate supply curve. B. the short-run aggregate supply curve to shift to the left, and the long-run aggregate supply curve would shift to the right. C. both the short-run and the long-run aggregate supply curves to shift to the left, but the long-run aggregate supply curve would shift more than the short-run curve. D. both the short-run and the long-run aggregate supply curves to shift to the right in equal amounts.
Suppose a tax on sellers has been imposed in the graph shown. What is the total tax paid per unit of the good?
A. $16
B. $6
C. $10
D. $15
The law of comparative advantage explains why a nation will benefit from trade when
a. it exports more than it imports. b. its trading partners are experiencing offsetting losses. c. it exports goods for which it is a high-opportunity cost producer, while importing those for which it is a low-opportunity cost producer. d. it exports goods for which it is a low-opportunity cost producer, while importing those for which it is a high-opportunity cost producer.