Refer to Figure 14.2. Other things equal, an increase in worker productivity would best be represented by a movement from
A) point A to point B.
B) point B to point A.
C) point C to point A.
D) point C to point B.
A
You might also like to view...
If taxes are $2,000 when income is $15,000 and they are $3,000 when income is $19,000, then the marginal tax rate is
A. 20%. B. 30%. C. 25%. D. 40%.
As the general population has aged, there has been an increase in the number of nursing homes, community health facilities along with the development of home care facilities. All of these factors have produced an increase in the demand for nurses. Simultaneously, improved job opportunities for women other fields have reduced the supply of nurses. Despite these factors, hospitals, the major employers of nurses, have resisted wage increases. The resulting situation can be described as
A. a cost disease in the service sector. B. a shortage of nurses. C. the problem of auxiliary restrictions. D. a wage floor problem.
By better utilizing existing resources, an economy can produce at a point outside of its current production possibilities frontier
a. True b. False
Government spending influences spending indirectly
a. True b. False Indicate whether the statement is true or false