Economic growth can be depicted as
A) an outward shift on the production possibilities curve.
B) a movement up on the production possibilities curve.
C) a movement down on the production possibilities curve.
D) an inward shift on the production possibilities curve.
A
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How does the Current Population Survey determine if a person should be counted in the labor force?
What will be an ideal response?
The additional benefit incurred when undertaking an activity is the ________ benefit
A) total B) gross C) marginal D) explicit
Which of the following is likely to lead to a left shift in the supply curve for labor to a firm?
A) The introduction of labor-saving technology B) The establishment of a new firm nearby that offers higher wages C) An increase in the opportunity cost of leisure D) The introduction of labor-complementary technology
The most significant form of revenue in developed countries is the income tax
a. True b. False