Labor productivity rises during a recession as firms retain their more experienced workers.
Answer the following statement true (T) or false (F)
False
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Assume there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pay for it. This characteristic is called
A. nonexcludability. B. nonrivalry. C. nontaxability. D. nondiscrimination.
New technology
A) definitely increases a firm's demand for labor. B) definitely decreases a firm's demand for labor. C) definitely does not change a firm's demand for labor. D) could increase or decrease a firm's demand for labor.
If the real marginal tax rate increases in the market clearing model then:
a. the supply of labor decreases. b. real output, Y, rises. c. the demand for capital increases. d. all of the above.
Stock market price quotations are an example of money serving as a(n)
A. unit of accounting. B. store of value. C. medium of exchange. D. economic value.