Mary looks over reports on four of her workers. Jack made 30 baskets in 5 hours. Rudy made 32 baskets in 8 hours. Sam made 40 baskets in 12 hours. Walter made 22 baskets in four hours. Who has the greatest productivity?
a. Jack
b. Rudy
c. Sam
d. Walter
a
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Which of the following transactions would be recorded as a credit in the U.S. current account?
a. A Japanese bank's purchase of IBM stock. b. A Japanese consumer's purchase of an Apple computer. c. An American tourist's payment to a Japanese hotel. d. An American consumer's purchase of a Toshiba VCR.
A change in labor productivity shifts the __________ curve and a change in the exchange rate shifts the __________ curve
A) SRAS; SRAS B) AD; AD C) SRAS; AD D) AD; SRAS E) none of the above
Suppose that in a certain market there is an increase in demand, but the market price does not quickly adjust to a new equilibrium price. What situation will exist in this market until the price adjusts?
A. Excess demand, because the market price is higher than the equilibrium price B. Excess supply, because the market price is higher than the equilibrium price C. Excess demand, because the market price is lower than the equilibrium price D. Excess supply, because the market price is lower than the equilibrium price.
Explain the implications of outsourcing for employment and wages in the domestic and foreign labor markets
What will be an ideal response?