According to efficiency wage models, labor productivity depends on
A) the number of employees at a firm; the smaller the number of employees, the more productive each employee is.
B) the amount of capital that employees have to work with.
C) the wage rate the firm pays its employees; a cut in wages can cause labor productivity to decline.
D) whether or not the economy is currently producing Natural Real GDP.
E) none of the above
C
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If the total population is 200 million, the labor force is 100 million, and 92 million workers are employed, then the unemployment rate would be
A. 8%. B. 6%. C. 4%. D. 10%.
Total utility will be at its maximum when
A. marginal utility is negative. B. marginal utility is positive. C. marginal utility is maximized. D. marginal utility is zero.
________ in the expected future domestic exchange rate causes the demand for domestic assets to shift to the ________ and the domestic currency to depreciate, everything else held constant
A) An increase; right B) An increase; left C) A decrease; right D) A decrease; left
The goal of the plaintiff is to ________ their ________.
A) maximize; loss B) minimize; loss C) minimize; gain D) maximize; gain