An advance in technology that results in increased productivity results in a
A) rightward shift of the labor supply curve.
B) rightward shift of the labor demand curve.
C) rightward shift of both the labor supply and labor demand curves.
D) no change to the production function.
B
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Welfare economics is the study of how the allocation of resources affects economic well-being. a. the allocation of resources affects economic well-being. b. price controls work
c. the government helps poor people. d. to produce greater equality.
Currently, which country emits the largest amount of carbon dioxide (CO2)?
a. United States b. United Kingdom c. China d. Russia
Periods during which real GDP rises are called recessions
a. True b. False Indicate whether the statement is true or false
In an environment of tournament pay, it is quite likely that marginally more productive employees will receive
a. more than their marginal revenue product, as do less productive employees. b. less than their marginal revenue product, while less productive employees receive more than theirs. c. more than their marginal revenue product, while less productive employees receive less than theirs. d. less than their marginal revenue product, as do less productive employees.