Which of the following is likely to increase the total efficiency units of labor in an economy?
A) An increase in the level of education attained by each worker
B) An increase in the amount of capital available to each worker
C) An increase in the inflation rate in the economy
D) An increase in the unemployment rate in the economy
A
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International Reserve assets are comprised of gold, foreign exchange, and IMF special drawing rights
Indicate whether the statement is true or false
The scientific method can be applied to the study of economics
a. True b. False Indicate whether the statement is true or false
In the long run, total spending affects ________, and output is determined by ________.
A. prices; meeting demand at preset prices B. inputs and productivity; prices C. inputs and productivity; total spending D. prices; inputs and productivity
What do economists call the situation where a hired manager does not have the same interests as the owners of the business?
A) conquest and control B) a financial problem C) a principal-agent problem D) a financial intermediary problem