According to human capital theory, all of the following help make workers more productive EXCEPT:
A. education.
B. health and fitness.
C. skills.
D. increased unemployment benefits.
Answer: D
You might also like to view...
Exhibit 7-3 Cost per unit curves
?
If the price of the firm's product in Exhibit 7-3 is $1.50 per unit, which intersects AVC at point B, the firm should:
A. continue to operate because it is earning a positive economic profit. B. stay in operation for the time being even though it is making an economic loss. C. shut down temporarily. D. increase the price.
The table below shows the daily production potential of two workers, if they devote all their time to making either pizza or wings. Who has the absolute advantage at producing wings?
What will be an ideal response?
A dominant strategy
A) is one that is the best for a firm, no matter what strategies other firms use. B) is one that a firm is forced into following by government policy. C) involves colluding with rivals to maximize joint profits. D) involves deciding what to do after all rivals have chosen their own strategies.
Assume that the price of labor and capital have remained the same, but that the average educational level of workers has increased and therefore the productivity of labor has increased. This would lead a firm to
A. use only labor to produce the product. B. use a more capital-intensive production technology. C. use a more labor-intensive technology. D. not change its production technology, but to produce fewer units of output.