An increase in the productivity of labor causes
A) quantity supplied by each firm in a competitive industry to decrease.
B) supply in a competitive industry to increase.
C) the market price to increase in a competitive industry.
D) the firm's supply curve to shift but has no effect on the industry supply curve.
Answer: B
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When deflation occurs,
A) the nominal interest rate is equal to the real interest rate and inflation is positive. B) the real interest rate is greater than the nominal interest rate. C) the nominal interest rate is equal to the real interest rate and inflation is negative. D) the nominal interest rate is greater than the real interest rate.
Nick has a certain amount of money that he wants to invest in a completely risk-free manner. He would most likely: a. deposit it in a bank or credit union
b. invest in a mutual fund. c. purchase shares on the stock market. d. hide the money somewhere in his or her home.
As a response to the 2008 recession, the U.S. government employed expansionary policy, and the economy returned to its level of potential output.
Answer the following statement true (T) or false (F)
The ratification of the project charter requires negotiation between the project manager and project sponsor. In step number two, the project manager is advised to know their ________; or the minimum needed from the negotiation.
a. Benefit/Cost Ratio (BCR) b. Opportunity Cost c. Walk-Away Point d. Payback Period