Labor productivity is computed as
A) real GDP divided by population.
B) real GDP divided by the number of workers.
C) per capita real GDP divided by the number of workers.
D) per capita real GDP divided by population.
B
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Comparative advantage is determined by
A) actual differences in labor productivity between countries. B) relative differences in labor productivity between countries. C) Both A and B. D) Neither A nor B.
Goods that are not excludable include both
a. private goods and public goods. b. club goods and common resources. c. common resources and public goods. d. private goods and club goods.
Which statement is true?
A. There were more strikes in 1946 than in any other year. B. The Taft-Hartley Act has greatly benefited labor unions. C. Most labor leaders opposed the National Labor Relations Act. D. The Taft-Hartley Act has never been invoked by the president.
In which of the following ways can a corporation raise new funds for investment?I.Issuing new shares of stockII.Having existing stock resold between two owners
A. I only B. II only C. Both I and II D. Neither I nor II