A firm has successfully adopted a positive technological change when
A) it can produce more output using the same inputs.
B) it produces less pollution in its production process.
C) it can pay its workers less yet increase its output.
D) it sees an increase in worker productivity.
Answer: A
You might also like to view...
Other things equal:
A. Owners of U.S. businesses benefit from immigration and owners of Mexican businesses are hurt by emigration B. Owners of U.S. businesses are hurt by immigration and owners of Mexican businesses benefit from emigration C. Owners of U.S. businesses benefit from emigration and owners of Mexican businesses are hurt by immigration D. The benefit owners of U.S. businesses receive from immigration is offset by the losses experienced by owners of Mexican businesses due to emigration
Which of the following is true in the long run? a. The aggregate demand curve determines the level of potential output
b. The long-run aggregate supply curve is horizontal. c. The actual price level and the expected price level are equal. d. Cyclical unemployment is between 5 percent and 6 percent. e. The price level is determined entirely by the long-run aggregate supply curve.
Explain how compensating differentials could contribute to differences between the average wages of men and women
Diminishing returns to capital is a consequence of firms' incentives to use each piece of capital as productively as possible and illustrates the:
A. principle of increasing opportunity costs. B. scarcity principle. C. cost-benefit principle. D. principle of comparative advantage.