Which of the following industries would be considered to have a labor intensive production process?
A. Printing a novel
B. Farming in a poor country
C. Building a road.
D. Driving a truck.
B. Farming in a poor country
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Using the table above, the Current Population Survey classifies the group of individuals who are left after subtracting from the total population groups 1, 2, and 3 as
A) unemployed. B) employed. C) the working-age population. D) the labor force. E) discouraged workers.
Suppose that two soft drink manufacturers, Fizzy Pop and Spritzy Soda, agree to charge the same prices for their soft drinks. This practice is
A) always legal under the antitrust laws. B) legal as long as Herfindahl-Hirschman index is less than 1,000. C) legal as long as the firms had a cost justification for setting prices. D) always illegal under the antitrust laws.
How does a change in the quantity of money change the interest rate in the long run?
What will be an ideal response?
The marginal physical productivity of labor is:
a. the slope of the total output curve at the relevant point. b. the negative of the slope of the total output curve at the relevant point. c. the slope of the line connecting the origin with the relevant point on the total output curve. d. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.