The learning curve suggests that an individual will
A) receive the same income throughout a career.
B) gain experience and increase productivity over time.
C) be subject to frequent spells of unemployment.
D) have an income that falls over time.
Answer: B
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Spending on consumer durables decreases as the interest rate increases
Indicate whether the statement is true or false
The current account does not include which of the following?
A) U.S. holdings of foreign assets B) net transfers C) net exports D) net investment income
Adam Smith believed that people's pursuit of their own self-interests
a. tended to promote the general welfare
b. required the government's "invisible hand" to keep the economy running smoothly
c. might cause aggregate demand to be greater than aggregate supply
d. would increase the wealth of a nation, which was the quantity of gold and silver it owned
e. would decrease the wealth of a nation, which was its ability to produce goods and services
Adult population 200 million labor force 150 million employed persons 138.75 million Discouraged workers 10.5 million According to the accompanying labor data, the unemployment rate is
What will be an ideal response?