________ should be considered when conducting a cost-benefit analysis
A) Total costs and total benefits
B) Only marginal costs and marginal benefits
C) Only implicit costs and implicit benefits
D) All costs and all benefits
B
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Which of the following would cause labor's share of national income to decrease?
A) labor productivity increases less rapidly than the real wage rate. B) labor productivity increases more rapidly than the real wage rate. C) labor productivity has increased at the same rate as the real wage rate. D) labor's share of national income is not affected by the relative growth rates of labor productivity and the real wage rate.
The demand for labor is a derived demand because:
A. the income workers earn adds to the demand for output. B. many workers are self-employed. C. the demand for output comes from the demand for labor. D. the demand for labor comes from the demand for output.
An increase in which of the following will increase the value of the spending multiplier?
A) The supply of money B) Equilibrium output C) Personal income tax rates D) The marginal propensity to consume E) The required reserve ratio
In the antebellum period, most large manufacturers relied on the _____________ for power
a. undershot water wheel b. overshot water wheel c. breast water wheel d. water turbine