Which of the following is an example of a capital-intensive commodity?
A. Clothing.
B. Wool.
C. Sunflower seeds.
D. Chemicals.
D. Chemicals.
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Compared to a country with an MPS of 0.167, a country with an MPS of 0.5 would have to change government expenditures by ________ as much to have the same impact on real GDP.
A. twice B. three times C. four times D. five times
A decrease in the amount of human capital acquired by workers will lead to decrease in the supply of labor
Indicate whether the statement is true or false
If the price of salmon increases relative to the price of cod, the demand for:
A) cod will decrease. B) cod will increase. C) salmon will decrease. D) salmon will increase.
The increased labor force participation rates for women since the 1970s led most directly to ________
A) an increase in labor demand B) a decrease in labor demand C) a decrease in labor supply D) an increase in labor supply