Labor productivity will increase if the ________ increases and ________
A) quantity of capital per hour worked; technology improves
B) quantity of labor per unit of capital; technology improves
C) quantity of capital per hour worked; immigration increases while capital is fixed
D) quantity of labor per unit of capital; immigration increases while capital is fixed
Answer: A
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Generally speaking, a country whose currency depreciates will experience, as a result,
A. Inflationary pressure because the prices of imports rise. B. Falling interest rates from a capital outflow. C. Increasing unemployment in export sectors. D. Reduced aggregate demand.
A computer you are considering for your business would add $4,000 per year to your profit. It would cost $400 a year to buy a complete maintenance contract so that you would never have repair and upkeep expense. The obsolescence depreciation is 25% a year. The going market interest rate is 5%. Assume all costs and revenue occur at the end of the year. If the going interest rate went up to 10%, how much would you be willing to pay for the machine?
What will be an ideal response?
When governments choose to favor some industries over others, they undertake:
A. corporate growth policy. B. corporate pricing policy. C. industrial policy. D. industrial espionage.
The decrease in exports from the United States is in part due to the strength of the U.S. dollar relative to foreign currencies. This statement is best described as
A. an unsubstantiated statement. B. a normative statement. C. a marginal statement. D. a positive statement.