If more workers have less capital to work with, then production will decrease.
Answer the following statement true (T) or false (F)
True
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Currently, the United States has an import quota on the amount of sugar that is allowed to be imported into the United States
What would happen to the price of sugar in the United States if the import quota was removed? What would happen to U.S. consumption and U.S. production of sugar?
An improvement in a firm's technology that improves productivity results in a(n):
a. leftward shift of the supply curve. b. upward movement along the supply curve. c. willingness to supply a larger quantity than before at any given price. d. downward movement along the supply curve.
In executing countercyclical policy, the Fed
a. is more effective during recessions than during inflationary periods b. is more effective during inflationary periods than during recessions c. is typically ineffectual because it is difficult for the Fed to determine just where the economy is on the business cycle d. relies on the government to execute complementary fiscal policy otherwise the Fed's monetary policy is weak and typically ineffective e. relies more on moral suasion than on the three primary tools available to it
Econometricians are economists who specialize in
a. descriptive or nontheoretical analysis b. economic behavioral characteristics of children's consumption c. the study of microeconomics d. the historical view of past economic problems e. quantitative economic research methods