Refer to Figure 22-1. Technological change is illustrated in the per-worker production function in the figure above by a movement from
A) A to B. B) B to A. C) D to C. D) B to C.
D
You might also like to view...
Labor productivity increases with
A) increases in consumption expenditure. B) increases in depreciation. C) increases in capital. D) All of the above answers are correct.
The government might provide a subsidy when
A) a negative externality exists. B) an effluent fee has been unsuccessful. C) it wants to increase the amount of a good consumed. D) it wants to transform a negative externality into a positive externality.
Which of the following statements is correct?
A. Both cash and noncash gift-giving cause value losses. B. Neither cash nor noncash gift-giving causes value losses. C. Noncash gift-giving creates a value loss, but cash gifts do not. D. Cash gifts create a value loss, but noncash gifts do not.
The most extensive indexing in the United States is in
A. interest payments on bonds or savings accounts. B. government transfer payments, including Social Security benefits. C. government contracts for military goods. D. escalator clauses in wage and salary contracts.