The number of workers employed will not change as a result of an increase in productivity when which of the following occurs?
A) The AS curve shifts downward.
B) Output growth exceeds productivity growth.
C) Productivity growth is equal to output growth.
D) The AD curve shifts to the right.
E) none of the above
C
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Related to the Economics in Practice on page 306: Almost 90 percent of advertisements seen in movie theaters are produced and sold by two firms. This movie theater advertisement industry would be characterized as
A. monopolistically competitive. B. a monopoly. C. an oligopoly. D. perfectly competitive.
The Federal Reserve System is organized into
A) one large district covering the entire United States. B) three districts, one for each of the countries in North America. C) 12 districts, dividing up the countries in North America. D) 50 districts, one per state. E) 12 districts, dividing up the United States.
Hiring Tech Support Collin County Community College (CCCC) has an ongoing problem that the electronic equipment in their classrooms and computer labs keeps malfunctioning and the repairs that are made seem to cause problems with some other aspect of the
equipment. Due to its bureaucratic structure, CCCC has a hiring preference for their own students and it is only allowed to pay $15 per hour when the going rate is closer to $18 per hour. How does this contribute to CCCC's equipment problems?
Which firm is not dealing with adverse selection
a. a manufacturer forgoes a usual 90 day probationary period for new employees b. a temporary clerical agency requires a typing test c. a manufacturer requires suppliers to be ISO 900 . certified d. Smokers get the worse life insurance rates as non-smokers