In 2012, the number of workers per Social Security beneficiary was approximately ____; by the year 2030, this figure is expected to ____
a. 5; increase to approximately 8
b. 2.9; fall to approximately 2.2
c. 2.2; increase to approximately 3.2
d. 8; fall to approximately 5
B
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Which of the following is most important in explaining exchange rate fluctuations in the short run?
A) relative price levels across countries B) relative rates of productivity growth across countries C) preferences for domestic and foreign goods D) interest rates
A 1995 evaluation concluded that programs that emphasized labor force attachment (work experience) were much more successful than programs that emphasized human capital development
Indicate whether the statement is true or false
If a firm's output equals 10, product price equals $5.00, TFC = $8.00, and TVC = $60.00, then ATC would equal
a. $.80 b. $1.00 c. $6.00 d. $6.80 e. $8.00
If leisure is drawn on the horizontal axis and labor is drawn on the vertical axis, then a person who attaches more importance to leisure than to labor will have indifference curves that:
A. tend to be steeper. B. tend to be flatter. C. will be positively-sloped. D. will be L-shaped.