Which of the following will cause an increase in the steady-state growth rate of output per worker?
A) an increase in the saving rate
B) a reduction in the population growth rate
C) a reduction in the rate of depreciation
D) a reduction in the saving rate
E) none of the above
E
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The table below describes the relationship between the number of workers hired by a call center each hour and the number of calls the call center can make each hour. The call center has only 1 telephone. The telephone costs the firm $5/hour (regardless of how many calls are made), and each worker is paid $10 per hour.Calls PerHourNumber ofTelephonesPer HourNumber ofWorkersPer Hour0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225What is the total cost of making 6 calls an hour?
A. $40 B. $60 C. $30 D. $65
All of the following were important structural changes in American capitalism during the period 1960–95 except
(a) New technology in the form of automated (machine-guided) production processes (b) A capital-labor accord which allowed workers to share in productivity gains through wage increases, particularly during the 1950s and 1960s (c) An increase in self-sufficiency as the nation reduced its economic interdependence with other nations (d) A large and central role for government in directing the post-war economy
A positive externality is:
A. an external benefit. B. an external cost that affects the buyer. C. an external cost that affects the seller. D. a benefit that affects the buyer, not the seller.
The demand curve for loanable funds slopes downward because of diminishing returns
Indicate whether the statement is true or false