If a factory hires 1,000 new workers, the nation's output level is probably
a. increasing and unemployment is likely to increase
b. increasing and unemployment is likely to decrease by 1000 individuals
c. fluctuating
d. stable
e. increasing and unemployment is likely to decrease by less than 1,000 individuals
E
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The first economist to point out the importance of specialization of labor was
A. Leonardo da Vinci. B. Adam Smith. C. David Ricardo. D. John Maynard Keynes. E. Enrico Caruso.
Suppose that in 2016, all prices in the economy double and that all wages and salaries also double. In 2016 you
A) are no better off or worse off than you were in 2015 as the purchasing power of your salary has remained the same. B) are better off than you were in 2015 as your salary is higher than it was in 2015 and you can now buy more goods and services. C) are worse off than you were in 2015 as you can no longer afford to buy as many goods and services. D) cannot determine whether you are better off or worse off than you were in 2015, because the purchasing power of your salary cannot be determined.
Describe how Mexico's development strategy changed from the 1950s to today and how that changed the production location decisions of firms
What will be an ideal response?
Explain the difference between "profitability" and "cash flow."
What will be an ideal response?