Technological change and labor productivity are negatively related
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Generally speaking, the greater the MPS, the
A. larger would be the increase in income that results from an increase in consumption spending. B. smaller would be the increase in income that results from an increase in consumption spending. C. smaller would be the increase in income that results from a decrease in consumption spending. D. larger would be the increase in income that results from a decrease in consumption spending.
Whenever indifference curves have kinks, marginal willingness to pay curves have horizontal "flat spots".
Answer the following statement true (T) or false (F)
A perfectly competitive market is characterized by highly advertised goods
a. True b. False Indicate whether the statement is true or false
In the market for euros, if the current exchange rate is below the equilibrium rate,
a. the quantity supplied and the quantity demanded for euros are equal. b. there is an excess supply of euros and the exchange rate will fall. c. there is an excess demand for euros and the exchange rate will rise. d. the exchange rate will neither rise nor fall. e. there is an excess demand for euros and the exchange rate will fall.