A productivity improvement will cause
A) a rightward movement along the saving-per-worker curve and an increase in the capital—labor ratio.
B) an upward shift in the saving-per-worker curve and an increase in the capital—labor ratio.
C) a downward shift in the saving-per-worker curve and a decrease in the capital—labor ratio.
D) a leftward movement along the saving-per-worker curve and a decrease in the capital—labor ratio.
B
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A) Sugar B) Assembly line workers C) The big chocolate stirring machines D) Packaging materials
30% of the electric bulbs produced in a factory in Xenonia during a year were found to be defective and could not be sold. Which of the following is likely to happen in this case?
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Taxation can promote good social policy while minimizing economic inefficiency
a. True b. False Indicate whether the statement is true or false