In the last 20 years, all of the following measures of the manufacturing sector have declined except:
a. total employment in manufacturing.
b. manufacturing employment as a share of the labor force.
c. manufacturing output as a share of GNP.
d. total manufacturing output.
d. total manufacturing output.
You might also like to view...
Because Product X has a very small, positive income elasticity of demand, it is likely that product X is a
A) luxury. B) necessity. C) product with many good substitutes. D) product with many good complements.
The substitution effect of wages explains shifts in the labor supply curve.
Answer the following statement true (T) or false (F)
In the quantity equation, V represents the:
A. total number of transactions during some period of time. B. price of a typical transaction. C. rate at which each unit of money circulates in the economy. D. quantity of money.
A firm that retains earnings does the equivalent of
A. borrowing money from the firm's shareholders. B. decreasing its own net worth. C. decreasing the net worth of the firm's shareholders. D. lending money to the firm's shareholders.