Suppose a country experiences an increase in output per worker. Such a development represents which of the following?
A. a decrease in economic growth
B. a reduction in the saving rate
C. an increase in labor productivity
D. an increase in population growth
Answer: C
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When a Peruvian buys a U.S. government bond, from the perspective of Peru, this is a(n):
A. capital inflow. B. export. C. capital outflow. D. import.
In the long run, most economists agree that a permanent increase in government spending leads to
A) a decrease in private spending by less than the amount that government spending increased. B) a decrease in private spending by the same amount that government spending increased. C) no decrease in private spending. D) a decrease in private spending by more than the amount that government spending increased.
An important difference between perfect competition and monopoly is
A) a monopoly is profitable and a perfect competitor is not. B) the monopoly faces a downward sloping demand curve and the perfect competitor faces a horizontal demand curve. C) the monopoly faces an inelastic demand curve and the perfect competitor faces an elastic demand curve. D) a monopoly is not regulated by the market, while a perfect competitor is regulated by the market.
In 2010, the proportion of all poverty-level families headed by a female was
a. approximately one-fourth. b. approximately one-third. c. approximately half. d. more than three-fourths.