Productivity is a measure of
A. Input per dollar of output.
B. Output per unit of input.
C. Input per unit of output.
D. Output per dollar of input.
Answer: B
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The labor force participation rate is
a. the portion of the working-age population that is actively in the labor market b. the portion of the labor force that is employed c. the portion of the working-age population that is working d. the portion of the working-age population that would work if jobs were available e. none of the above
A person setting up automatic deductions through her employer so a portion of her pay goes into a "Christmas account" is an example of:
A. status quo bias. B. positive framing. C. the endowment effect. D. a commitment device.
When there is a permanent fall in the domestic money supply, the exchange rate:
a. falls in the short run and rises slightly in the long run. b. falls in the short run and falls more in the long run. c. rises in the short run and falls slightly in the long run. d. rises in the short run and rises more in the long run.
If a 10-year Treasury bond pays 3.1 percent and a 10-year corporate bond pays 7.4 percent, what is the interest rate spread on this particular corporate bond?
A. 4.3 percent B. 7.4 percent C. 10.5 percent D. 22.9 percent