Which of the following factors will increase labor productivity in the United States?
a. An aging labor force
b. A decline in the number of women entering the workforce
c. An increase in unskilled workers
d. An increase in the average level of education
e. A decrease in the number of educated immigrants
d
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"Every point on a demand curve represents a consumer equilibrium in the indifference curve model." Explain why the previous statement is correct or not
What will be an ideal response?
A relative measure of the importance of trade is
A) the dollar value of trade. B) trade as a percentage of GDP. C) the dollar value of trade adjusted for inflation. D) trade as a percentage of investment. E) None of the above.
For a monopsonistic hirer of labor the gap between labor's marginal value product and its wage rate will be greater
a. the more elastic the supply curve for labor. b. the more inelastic the supply curve for labor. c. the more elastic the firm's demand for labor. d. the more inelastic the firm's demand for labor.
Unemployment insurance is:
A. money that is paid by the government to people who are unemployed. B. money that is paid to the government by employers who lay off employees. C. offered by the government as a way to affect the level of cyclical unemployment. D. offered by the government as a way to affect the level of seasonal unemployment.