Unions can increase labor productivity by
A) maximizing the number of workers in the union.
B) reducing the supply of workers over time.
C) reducing conflicts between workers and management.
D) reducing the quantity of poorly made imports into the country.
Answer: C
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Autonomous tightening of monetary policy involves ________
A) raising interest rates and shifting the MP curve to the right B) lowering interest rates and shifting the MP curve to the left C) raising interest rates and shifting the MP curve to the left D) lowering interest rates and shifting the MP curve to the right E) none of the above
If the supply curve for land was a vertical line, then any payment made for land would be considered
A) as economic rent. B) as economic lease. C) as economic interest. D) as an opportunity lease payment.
The knowledge and skills acquired by a worker through education and experience is a description of which factor of production?
A. physical capital B. human capital C. labor D. entrepreneurship
Generally speaking, the last two years of a President's term are associated with
A. lower growth than the first two years. B. higher growth than the first two years. C. higher unemployment than the first two years. D. the same growth as the first two years.