Countries in which wages adjust slowly to changes in the supply of and demand for labor are likely to have ________ sacrifice ratio.
A. an infinite
B. a high
C. a low
D. a zero
Answer: B
You might also like to view...
Refer to Figure 18.1. ________ has a comparative disadvantage in bicycles and ________ has a comparative disadvantage in hang gliders
A) Canada; the United States B) The United States; Canada C) Canada; Canada D) The United States; the United States
Total factor productivity encompasses
A) labor. B) capital. C) output. D) know-how.
Transfer payments are the ______ and the ______ growing category of federal spending.
a. smallest; slowest b. smallest; most consistently c. largest; most erratically d. largest; fastest
When voting mechanisms substitute for the market mechanism in allocating resources, we are relying on
A. Public choice theory. B. Cost-benefit analysis. C. Ballot box economics. D. Opportunity cost analysis.