Disembodied technical change is one reason why
A. labor productivity has increased over time.
B. the quality of capital had decreased.
C. increases in population decrease labor productivity.
D. human capital is more valued in an economy than physical capital.
Answer: A
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In the above figure, a movement from point A to point B represents
A) a decrease in the quantity of money demanded. B) a decrease in the demand for money that might be the result of a fall in the price level. C) an increase in the quantity of money demanded. D) an increase in the demand for money that might be the result of an increase in real GDP. E) an increase in the demand for money that might be the result of a fall in the price level.
According to the Census Bureau, in 2016 nearly ________ Americans were counted as poor.
A. 9 million B. 1 million C. 40 million D. 20 million
If a person is waiting to be called back to a job from which she has been laid off, how is she classified by the Bureau of Labor Statistics?
A) as not in the labor force B) as an unemployed person C) as an employed person D) as a discouraged worker
Critics of an equal distribution of income argue that the effect would be to reduce the incentive to be productive
a. True b. False Indicate whether the statement is true or false