If the capital stock ________ while the supply of labor ________, it is likely that the productivity of labor will fall.
A. increases; remains fixed
B. remains fixed; increases
C. increases; decreases
D. increases; increases
Answer: B
You might also like to view...
Thomas Malthus was an economist who contributed to the ________ theory of growth
A) neoclassical B) Keynesian C) new growth D) socialist E) classical
A market comprised of only two firms is called a
A) competitive market. B) monopoly. C) duopoly. D) monopolistically competitive market.
Suppose the Dow Jones Industrial Average has risen for three days in a row. According to the efficient markets theory of stock prices,
a. it will probably fall again tomorrow b. it will probably rise tomorrow to compensate for recent losses c. it is more likely to rise tomorrow than if it had fallen three days in a row d. it is just as likely to rise again tomorrow as if it had fallen three days in a row e. it will most likely remain unchanged tomorrow
Usually, the shape of a firm's total variable cost curve primarily reflects the cost of
a. labor b. taxes c. energy d. depreciation e. raw materials