Increases in worker productivity usually reflect
A. growth of labor unions.
B. management that pushes workers to work longer and harder.
C. elimination of unemployment benefit programs.
D. increased education and improved equipment.
Answer: D
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When the price level in the United States rises relative to the price level of other countries, ________ will rise, ________ will fall, and ________ will fall
A) net exports; exports; imports B) net exports; imports; exports C) exports; imports; net exports D) imports; exports; net exports
In a Malthusian world, what would improve the standard of living permanently?
A) a war B) a new medical drug C) birth control D) democracy
The fastest growing productivity increases in the United States have occurred in the personal services sector
a. True b. False Indicate whether the statement is true or false
Suppose that when the price of a good falls from $12 to $9, the quantity demanded of that good rises from 310 units to 350 units. What is the approximate price elasticity of demand between these two prices?
a. 0.42 b. 2.36 c. 0.68 d. 3.80 e. 1.12