All of the following are reasonable explanations of the labor productivity speed-up in the United States except
a. labor force quality.
b. technological change.
c. investment spending.
d. research and development.
a
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You cause an automobile liability insurance company to face a moral hazard problem when you take ________ driving precautions ________ you buy automobile liability insurance from the company.
A. fewer; before B. fewer; after C. more; after D. the same; before and after
Which of the following will increase macroeconomic equilibrium prices?
A. an increase in productivity B. an increase in taxes C. a decrease in input prices D. an increase in government spending
In Rajasthan, India teachers in half of the community's schools were asked to have their pictures taken with their children, and this evidence of attendance fed into the compensation of the teacher. The result of this experiment was that teacher absentee rates ________ relative to classrooms in which no cameras were introduced.
A. actually increased B. were cut in half C. fell to zero D. did not change
If the price level is assumed to be fixed, which of the following is true?
a. Real and nominal variable changes must be distinguished. b. The economy is at full employment. c. Changes in nominal income equal changes in real income. d. The economy is at equilibrium.