Growth in total factor productivity equals the _____
a. sum of resource growth and economic growth
b. ratio of total output to total input
c. ratio of total input to total output
d. percentage change in per capita real GDP
e. percentage change in output minus the percentage change in resources
e
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A call option has a strike price of $80. If the underlying stock is selling for $83 on the expiration date, the intrinsic value of the call option is __________ per share
A) $163 B) $83 C) $3 D) $0
Economists assume that the goal of a firm is to
A) maximize economic profits. B) sell as many units as possible. C) maximize gross revenues. D) be the largest firm in its industry.
Other things constant, which of the following would you expect to increase the output growth rate of a country?
a. an increase in the rate of taxation on personal income b. an increase in the rate of investment as a share of total output c. passage of regulations restricting international trade d. passage of regulations restricting domestic trade
An example of a non-pecuniary job characteristic is
a. over-time pay. b. salary. c. an end-of-the-year bonus. d. a comfortable work environment.