A specialized worker doesn't spend time switching from one task to another. This source of productivity increase is called:
A. continuity.
B. innovation.
C. functionality.
D. repetition.
Answer: A
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Movement along a supply curve implies
A) quantity demanded changes as the price changes. B) supply changes as the price changes. C) suppliers' plans change when the price changes. D) all of the above.
NAFTA is an example of a multilateral approach to achieving free trade
a. True b. False Indicate whether the statement is true or false
If many of the workers who become unemployed as a result of a recession are retail workers:
A. they will return to employment once the government announces its stimulus and consumer confidence returns. B. the retail sector is likely to remain permanently smaller. C. the government likely will be unable to target its stimulus spending for these workers. D. the government will have to rely on targeting "retail-ready" projects for stimulus spending.
If we consider the reality that each worker has different skills, then the production possibilities frontier would:
A. shift outward. B. have a convex shape. C. have a concave shape. D. be a straight line.