All of the following location characteristics can result in higher worker salaries except which one?
A) short commute time
B) poor climate
C) high cost of living
D) unpleasant work conditions
A) short commute time
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Basically the United States' high rate of population growth since the time of George Washington's presidency
A. has been a drag on the United States' rate of economic growth. B. pushed up the United States' rate of unemployment. C. created a growing problem of not enough food to feed everyone. D. provided a market for the United States' farmers and manufacturers.
A typical consumer of health care in the United States
A) does not pay the full price of his or her health care. B) does not pay any of the price of his or her health care. C) pays more than the full price of his or her health care. D) pays the full price of his or her health care.
Diminishing marginal product of labor occurs when: a. adding another unit of labor increases output, but not by as large a margin as the previous unit of labor employed. b. the average product of labor begins to rise
c. adding another unit of labor increases output by a larger margin than the last unit of labor employed. d. all inputs are varied simultaneously in the same proportion.
Short-run equilibrium exists
A) where the AD curve intersects the short-run aggregate supply (SRAS) curve. B) where the AD curve intersects the long-run aggregate supply (LRAS) curve. C) on the AD curve only. D) on the SRAS curve only.