As the economy starts to expand, labor productivity rises as firms start using any excess labor they kept during the recession.
Answer the following statement true (T) or false (F)
True
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The largest volume of trade in the world occurs between the United States and
a. Russia b. Japan c. Mexico d. Canada e. Britain
Consumer surplus received from the purchase of a good is $300 . If the producer surplus received for the same good is $600, then the total surplus is $300
a. True b. False Indicate whether the statement is true or false
Oligopolies would like to act like a
a. duopoly, but self-interest often drives them closer to the perfectly competitive outcome. b. competitive firm, but self-interest often drives them closer to the duopoly outcome. c. monopoly, but self-interest often drives them to charge a higher price than would be charged by a monopoly. d. monopoly, but self-interest often drives them closer to the perfectly competitive outcome.
U.S. Treasury bonds owned by U.S. households, institutions, and government entities are referred to as
A. Internal debt. B. Debt refinancing. C. Debt servicing. D. External debt.