If the United States decides to trade with Yemen, we know that
a. Yemen will benefit, but trade with a less developed country could not benefit the United States.
b. it will not benefit Yemen because workers in the United States are more productive.
c. Yemen and the United States can both benefit.
d. it will not benefit either country because their cultural differences are too vast.
c
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Identify the correct statement
a. During a recession, investment decreases while consumption increases. b. During a recession, investment increases while consumption decreases. c. During a recession, investment is constant while consumption increases. d. Annual variations in investment are larger than annual variations in consumption. e. Annual variations in investment are smaller than annual variations in consumption.
Which of the proposals for education reform is likely to be supported by an economist concerned with efficiency?
A. Give families “education stamps” to be spent at the school of their choice. B. Assign children to particular schools based on where they live. C. Give all schoolchildren the same number of years of education. D. Abolish private (i.e., fee-charging) schools.
Typical data collected for job analysis would include all but which of the following?
A. job performance criteria B. relationships with subordinates C. incumbent performance level D. conflicting work demands
Over the past year, productivity grew 1%, capital grew 0%, and labor grew 5%. If the elasticities of output with respect to capital and labor are 0.4 and 0.6, respectively, how much did output grow?
A. 1% B. 2% C. 3% D. 4%