Altering the demographic of your workforce in a manner that increases the labor force, like raising a legal minimum retirement age, is likely to:
A. lead to a higher level of income for a country.
B. lead to a sustainable high rate of growth in income for a country.
C. create more productive workers in all facets of the economy.
D. All of these are true.
A. lead to a higher level of income for a country.
You might also like to view...
A profit-maximizing firm operates in purely competitive product and resource markets, with the following resource and production schedules.WorkersTotal Production11002190327043405400645074908520The product price is $10 per unit and the cost per worker is $600. How many workers will the firm employ?
A. 4 B. 5 C. 6 D. 7
Refer to Figure 12-4. If the market price is $30 and the firm is producing output, what is the amount of the firm's profit or loss?
A) loss of $1,080 B) loss of $2,520 C) profit of $1,440 D) profit of $1,300
In the long-run framework, budget surpluses:
A. should be run whenever output dips below potential output. B. are better than budget deficits over the long run because unlike budget deficits, they increase saving and investment. C. should never be run since they crowd out investment in the short run. D. should be run on a permanent basis since they boost saving and investment and stimulate economic growth.
Appreciations or depreciations in currency change international relative prices.
Answer the following statement true (T) or false (F)