Compared to the 1950-1973 period, output per worker ________ in the 1974-1995 period.
A. decreased more rapidly
B. increased more slowly
C. increased more rapidly
D. decreased more slowly
Answer: B
You might also like to view...
Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
The term "market" refers to trading arrangements by which buyers and sellers come together
Indicate whether the statement is true or false
Which of the following is an example of market "production," as used by economists?
A) Katrina works as a cashier at the local produce stand. B) Heidi makes a pizza for her family's dinner. C) Garvey takes out a low-cost government loan to start his pet-sitting business. D) The theatre and film studies department in Fine Art's College stages a play at the local theatre.
When economists make positive statements, they are
a. speaking as scientists. b. speaking as policy advisers. c. making claims about how the world should be. d. revealing that they are very conservative in their views of how the world works.