Labor productivity is represented by which of the following?
A) the ratio of output to employment
B) workers per unit of capital
C) capital per worker
D) the ratio of output to population
E) the ratio of output to the labor force
A
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Recently proposed revisions to the NESHAP
a. have been enacted without debate b. include one aimed at coal-fired and oil-fired power plants c. will weaken national controls on toxics d. none of the above
Given the average tax rate t, a general expression for the budget deficit is
A) tG - Y. B) Y - tG. C) G - tY. D) Y - (G/t).
Insurers try to minimize moral hazard by
a. only selling policies to individuals with high ethical standards. b. requiring advance payments of premiums. c. charging higher premiums to individuals than to groups. d. charging deductibles and coinsurance. e. refusing to sell insurance to individuals with chronic illnesses.
Which of the following is an example of a positive externality?
a. air pollution b. littering in a public park c. buying a new automobile d. planting a nice garden in front of your neighbor's house e. pollution of a stream