Labor productivity is measured as:
a. the share of wages in national income.
b. the change in labor to capital ratio.
c. real output per labor hour.
d. the change in output from hiring an additional unit of labor.
e. the growth in the quantity of labor.
c
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The figure above shows the demand for fruit snacks. Which movement reflects an increase in demand?
A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d
In the Keynesian model, a decline in interest rates will cause investment to
A) increase. B) decline. C) remain unchanged. D) move erratically, depending on the interest rate effect on saving.
An investor can acquire shares of stock in Acme Corporation either by purchasing shares on the stock market or by purchasing a bond that is convertible into shares of Acme stock
After careful study, the investor discovers that she can profit by purchasing the bond, converting it to shares of stock, and selling the stock. This practice is called: A) selling short. B) arbitrage. C) profiteering. D) dumping. E) none of the above
Risk-averse people cut their risks by:
a. diversifying their wealth into physical assets. b. investing their wealth into similar kinds of assets. c. investing their wealth only in risk-free assets. d. diversifying their wealth into different assets.