If workers become more productive, which of the following would happen in the labor market?
a. Labor supply would increase.
b. Labor supply would decrease.
c. Labor demand would increase and labor supply would decrease.
d. Labor demand would decrease and so would labor supply.
e. Labor demand would increase.
E
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The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Euro ________ against the U.S. dollar, the U.S. dollar ________ against the Japanese yen and the U.S
dollar ________ against the Canadian dollar A) depreciated, appreciated, appreciated B) depreciated, depreciated, appreciated C) appreciated, appreciated, appreciated D) appreciated, depreciated, depreciated
Economists are often concerned with the free-rider problem
a. What is meant by free riding? Explain with an example. b. Are public parks subject to the free-rider problem? What about keeping city streets clean? Explain your answer.
The BRAC anti-poverty program in Bangladesh gave poor families training on how to raise livestock, a savings account, and help with their physical and mental health. These policies can potentially improve economic growth by increasing a. education, savings, and human capital, respectively. b. physical capital, savings, and natural resources, respectively
c. property rights, research and development, and human capital, respectively. d. education, research and development, and natural resources, respectively.
Describe some of the gains from lowering trade barriers that may be difficult to measure
What will be an ideal response?