If population is expanding at the same rate as a country's real output:
a. real per capita output would increase
b. real per capita output would remain unchanged.
c. the production possibilities curve for the country as a whole will be shifting outward.
d. both (b) and (c) would be true.
d
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Refer to the scenario above. Which of the following will happen if she keeps the dress for herself?
A) The GDP of her country will increase by $180. B) The trade deficit of her country will decrease. C) The GDP of her country will remain unchanged. D) The trade surplus of her country will decrease.
Sally Jones lost her job at a steel company because of a permanent decline in the demand for steel. Sally Jones is considered by economists to be
A) naturally unemployed. B) cyclically unemployed. C) structurally unemployed. D) frictionally unemployed.
One reason that an efficiency wage leads to greater worker productivity is that:
A. earning more than the market wage gives workers an incentive to stay with the firm. B. it deters workers from trying to start a union. C. due to competition for their jobs, which are now desired, firms to pay less overall for a worker in the long run. D. it is set right at market equilibrium which creates an efficient labor market.
Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually decreased
a. True b. False Indicate whether the statement is true or false