The value of what is produced per worker, or per hour worked, is called ____________.
a. economic growth
b. human capital
c. productivity
d. GDP per capita
c. productivity
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The number of U.S. workers in unions today is:
A. higher than it was in the 1950s. B. about 21 %of all wage and salary workers. C. just under 15 million Americans. D. All of these are true.
There are few truly global brands
Indicate whether the statement is true or false
Members of the Board of Governors of the Fed are
A. elected to two-year terms by the Electoral College. B. appointed by the president for four-year terms and confirmed by the Congress. C. appointed by the president for 14-year terms and confirmed by the Senate. D. appointed by the president for 14-year terms and confirmed by the Supreme Court.
What is the most likely reason that snack foods sold in vending machines are so much more expensive than snack foods sold in grocery stores?
A. Snack foods sold in vending machines come in smaller packages, so the per-package costs are higher. B. Grocery stores buy in bulk, while vending machine companies tend to buy in smaller quantities. C. People who purchase snack foods from vending machines tend to have less elastic demand for snack foods. D. Owners of vending machine companies are greedier than owners of grocery stores.