Which of the following is the correct formula to calculate productivity?
a. Output + quantity of input
b. Output ? quantity of input
c. Quantity of input ÷ output
d. Output ÷ quantity of input
e. Output × quantity of input
d
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An equilibrium in game theory in which the players make and share the monopoly profit is called
A) the Nash equilibrium. B) the cooperative equilibrium. C) a contestable market equilibrium. D) limit pricing.
An instrument developed to help investors and institutions hedge interest-rate risk is
A) a debit card. B) a credit card. C) a financial derivative. D) a junk bond.
When employees negotiate higher wages through collective bargaining, firms have incentive to use more capital and less labor in production.
a. true b. false
Keynesians tend to believe that
A. laissez-faire policies stabilize market economies. B. recessions are temporary. C. expansionary government spending and tax cuts are cures for recessions and depressions. D. in the short run, aggregate supply should be manipulated to stabilize the economy.