Labor productivity, measuring the output per worker
a. increases with increases in technology
b. decreases with increases in technology
c. increases with increases in capital stock
d. is the same as the capital labor ratio
e. is the same as the capital output ratio
A
You might also like to view...
If one euro nation is experiencing rapid growth and inflation while another is facing sluggish growth and recession:
A. the two countries will disagree about the monetary policy that ought to be employed by the European Central Bank. B. only an appreciation of the euro can help both countries simultaneously. C. the European Central Bank ought to employ a tight monetary policy. D. the European Central Bank ought to employ an easy monetary policy.
Scarcity affects
A) only rich people. B) only poor people. C) only middle income people. D) all people.
The value of future payments is affected by
A. The possibility of nonpayment. B. The par value. C. The level of dividends. D. Capital gains.
A price discriminating monopolist will
A. charge a higher price for a good with more market demand. B. charge the same price to all consumers. C. charge more to those consumers who have more substitute goods. D. charge a lower price to those consumers who have more elastic demand.