Which of the following contributes to an increase in labor productivity?
A) increased consumption expenditure
B) decreased investment
C) increased capital stock
D) All of the above contribute to an increase in labor productivity.
C
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Due to macroeconomics interdependence between large countries, the effect of a permanent monetary policy expansion by Home is as follows: Home output
A) rises, Home's currency depreciates, and Foreign output may rise or fall. B) falls, Home's currency depreciates, and Foreign output may rise or fall. C) rises, Home's currency appreciates, and Foreign output may rise or fall. D) rises, Home's currency depreciates, and Foreign output rises. E) falls, Home's currency appreciates, and Foreign output may rise or fall.
Unplanned inventory depletion occurs when real GDP is above its equilibrium level
a. True b. False Indicate whether the statement is true or false
Suppose Rebecca needs a dog sitter so that she can travel to her sister's wedding. Rebecca values dog sitting for the weekend at $200 . Susan is willing to dog sit for Rebecca so long as she receives at least $150 . Rebecca and Susan agree on a price of $175 . Suppose the government imposes a tax of $10 on dog sitting. The tax has made Rebecca and Susan worse off by a total of
a. $50. b. $40. c. $20. d. $10.
The return to investment in human capital is observed
a. only when workers are assigned identical tasks. b. in the wage differential between workers. c. in the high school dropout rate in inner-city urban school districts. d. in the low wages of educated factory workers.