If employment grows faster than the population as a whole, then output per capita can increase faster than productivity per worker
Indicate whether the statement is true or false
true
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There is a double coincidence of wants when
A) person 1 has what person 2 wants, who in turn wants what person 3 has. B) person 1 has what person 2 wants, and person 2 has money. C) person 1 has what person 2 wants, and person 2 has what person 1 wants. D) person 1 has money, and person 2 has what person 1 wants.
Managers of profit centers are usually given a lot of discretion because
a. They always do an excellent job b. The company can never judge their performance c. The company has a clear performance evaluation metric d. They rarely ever do a good job
An economist conducts a "natural experiment" by
A) choosing two groups of people — a control group and a test group — and providing special treatment for the test group. B) using animal behavior to make inferences about human behavior. C) using his or her own intuition to surmise what people will do in a given situation. D) polling other economists to see if they believe a theory. E) taking real-world data as it is given, and using it to test a theory.
To estimate the value of a statistical life, economists sometimes ask people how much they would be willing to pay to reduce their risk of death by a small amount. This method of determining the value of a statistical life is known as
A. stated preference. B. the survey method. C. revealed preference. D. the actuarial method.