Employment in the tertiary sector in the 20th century showed
(a) a marked cyclical tendency in harmony with the business cycle.
(b) a leveling off in times of recession.
(c) a downturn during cyclical expansions.
(d) a steady increase since 1900.
(d)
You might also like to view...
Using the data in the above table, if the price of an hour of labor is $20 and the price of a unit of capital is $10, then the most economically efficient technique for producing 100 sweaters is
A) A. B) B. C) C. D) D.
Partial equilibrium analysis:
A. concerns competitive equilibrium only in the factor markets. B. concerns competitive equilibrium only in the product markets. C. concerns competitive equilibrium in a single market, considered in isolation. D. is the study of competitive equilibrium in many markets at the same time.
The sticky-wage theory of the short-run aggregate supply curve says that the quantity of output firms supply will increase if
a. the price level is higher than expected making production more profitable. b. the price level is higher than expected making production less profitable. c. the price level is lower than expected making production more profitable. d. the price level is higher than expected making production less profitable.
As a percentage of all spending on health care, out-of-pocket spending has ________ in the United States
A) remained fairly constant for the last 50 years B) steadily declined for the past 50 years C) rapidly increased for the last 50 years D) erratically increased and decreased over the past 50 years