On the supply curve:
A. both quantity and price go on the horizontal axis.
B. quantity goes on the horizontal axis and price goes on the vertical axis.
C. quantity goes on the vertical axis and price goes on the horizontal axis.
D. it doesn't matter which axis price and quantity are placed on.
Answer: B
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Labor productivity is measured by
A. the ratio of capital to labor. B. real output per worker hour. C. real output per capita. D. the ratio of worker hours to real GDP.
A beneficial technological change enhances the production of cranberries. At the same time, scientists discover the health benefits of cranberries. This will result in:
What will be an ideal response?
What are the factors that cause a producer's average cost per unit to fall as output rises called?
(A) Licenses (B) Franchises (C) Patents (D) Economies of scale
In the U.S., which of the following government programs assist workers find jobs when they lose their jobs due to trade?
A. Trade Adjustment Assistance program B. Social Security C. workers' compensation D. Obamacare