Labor-augmenting technological advances increase the marginal productivity of labor
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose a U.S. automaker builds and operates a new factory in Italy. Future production from such an investment will
a. increase Italian GDP more than it increases Italian GNP. b. increase Italian GNP more than it increases Italian GDP. c. have no affect on Italian GNP, but will increase Italian GDP. d. have no affect on either Italian GDP or GNP.
If a firm sells a total of 100 shares of stock, then
a. the supply of, and demand for, those shares determine the price per share. b. each share represents ownership of 1 percent of the firm. c. the firm is engaging in equity finance. d. All of the above are correct.
According to classical economists, if there is a 12% increase in the money supply, what will happen to the price level?
a) The price level will increase by 6%. b) The price level will decrease by 6%. c) The price level will increase by 12%. d) The price level will decrease by 12%.
Laboratory experiments of the ultimatum games revealed that
A) participants' actions were always part of a Nash equilibrium. B) participants always split the money equally. C) the first mover always kept the smaller share. D) the first mover always kept the largest share.