Since 1996, productivity growth has ________ and real wages have ______.
A. risen; risen
B. fallen; fallen
C. risen; fallen
D. fallen; risen
B. fallen; fallen
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With tied aid
(a) MNC investment depends on tax concessions. (b) aid recipients must use the aid to purchase goods and services from the donor. (c) aid recipients must follow World Bank/IMF conditionality. (d) all of the above.
At McDonald's, economies of scale at the firm level
a. can be traced to factors such as the use of centralized training and common menus for all restaurants b. exist only in the short run c. occur above the firm's minimum efficient scale d. can be traced to the diminishing marginal productivity of a variable resource, such as labor e. occur over the range of output for which the firm's total cost curve is upward sloping
Critics of supply-side economics argue that a major flaw is
a. the small magnitude of supply-side effects. b. the large size of demand-side effects. c. increased income inequality. d. All of the above.
In the above table, the marginal propensity to consume when disposable income changes from $7,000 to $8,000 is
A. 0.6. B. 0.75. C. 0.5. D. 0.8.