Productivity growth in the service sector
a. is notoriously difficult to measure.
b. is comparable to productivity growth in agriculture.
c. has been slow compared with productivity growth in manufacturing.
d. Both a and b are correct.
e. Both a and c are correct.
e. Both a and c are correct.
You might also like to view...
Who would the BLS count as unemployed? The person who
A) searches for a job after retiring from the military. B) quits work and intends to stay at home raising his kids. C) was fired from work and decides to attend college full time rather than seek work. D) is dissatisfied with her present job and spends hours reading the help-wanted ads.
Suppose a restaurant is trying to determine how much to charge for a bowl of chili, and decides to run an experiment to see how much its customers are willing to pay by allowing them to set their own price for this menu item
a. Is charging a customer the price he or she is willing to pay for the bowl of chili an example of price discrimination? Briefly explain. b. What is it called when a firm knows every consumer's willingness to pay, and can charge every consumer a different price? What happens to consumer surplus in this situation?
If a firm with two large plants installs a large, custom built assembly line in each of its plants, the custom assembly line is an example of ________.
A) specialized capital B) managerial diseconomies C) a compensating wage differential D) geographic variation
If tastes for a good increased and the price of a substitute good increased at the same time, as a result: a. prices would rise
b. prices would fall. c. larger quantities to be exchanged. d. Both a. and c. would occur.