A country's level of productivity determines its
a. productivity growth rate.
b. rate of population growth.
c. current standard of living.
d. future income potential.
c
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Netflix, an online DVD rental service, was established in 1997. In 2008, Netflix has more than 8.2 million subscribers. This technology has ________ in the labor market for video rental clerks
A) decreased demand B) increased demand C) increased supply D) decreased supply
Currency includes
A) paper money and coins. B) paper money, coins, and checks. C) paper money and checks. D) paper money, coins, checks, and savings deposits.
If the customer moves first, with a low price what is the best response of the shopkeeper
a. Accept the low price b. Walk away from the deal c. Throw the haggling customer out of your store d. Shut down your store
If the numbers of people officially employed and officially unemployed each increased by 5%, with no change in the non-institutional civilian population, what would be the effect?
a. an increase in the unemployment rate and no change in the labor force participation rate b. a decrease in the unemployment rate and no an increase in the labor force participation rate. c. no change in the unemployment rate and an increase in the labor force participation rate d. no change in the unemployment rate and a decrease in the labor force participation rate