Other things remaining the same, which of the following is likely to happen if an industry introduces a labor-complementary technology in production?
A) There will be a rise in both the wage rate and the employment levels in the industry.
B) There will be a fall in both the wage rate and the employment levels in the industry.
C) There will be a fall in the wage rate and a rise in the employment levels in the industry.
D) There will be a rise in the wage rate and a fall in the employment levels in the industry.
A
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Part of the tremendous growth in China can be attributed to
a. loans received from the international financial bodies like World Bank, ADB. b. FDI inflows and its ability to save and invest nearly half of its GDP. c. financial aid received from foreign governments. d. development assistance inflows from developed countries.
Which of the following is an accurate statement about a firm operating at a loss?
a. It will stay open in the short run if its total revenue does not cover variable costs. b. It will stay open in the short run if its total revenue covers variable costs but not all fixed costs. c. It will shut down in the short run if its total revenue exceeds variable costs. d. It will shut down in the short run if its total revenue cannot cover both variable and fixed costs.
Economists who are willing to accept mild inflation consider it to be a necessary by-product of high and growing spending that produces high levels of output, full employment, and economic growth.
Answer the following statement true (T) or false (F)
Number of FigsVCMCAVCFCTCATC0???100??19090????2?????1353??80???4????400?
Table 5.4 presents the cost schedule for David's Figs. If David produces four figs, David's average total costs are:
A. $60. B. $75. C. $100. D. $400.