The application of new technologies to the production process will increase:
A. the share of the population employed.
B. average labor productivity.
C. the unemployment rate.
D. the quantity of human capital.
Answer: B
You might also like to view...
Amusement parks often offer coupons to the local market that are not available to tourists. This is an example of
a. Direct discrimination scheme b. Indirect discrimination scheme c. Both of the above d. None of the above
A fear in investing in China
A) is based in fears of its declining population. B) relates to the value of property rights. C) can be overcome by not have Chinese operations. D) none of these choices.
Robert Summers and Alan Heston published data for 130 countries that used purchasing power parity, rather than market exchange rates, to compare GDP across countries. As a result, measured per capita incomes of developing countries rose relative to per capita incomes in developed countries. This is most likely because:
A. nonmarket activity is less extensive in developing countries than in developed countries. B. prices of standard goods in developing countries are generally higher than those in developed countries. C. nonmarket activity is more extensive in developing countries than in developed countries. D. prices of standard goods in developing countries are generally lower than those in developed countries.
Superstars in sports or entertainment presumably would be willing to continue working in their specific areas for lower income than they are currently earning. This implies that
A) the large salaries serve no allocative function and only serve to make the superstars richer. B) superstars are exploiting their fans by receiving such a large salary. C) superstars do not respond to monetary incentives. D) the high salaries are used to allocate their time but fail to bring in new sources of supply (other superstars) that are exactly like themselves.