Productivity is defined as the
a. amount of goods and services produced from each unit of labor input.
b. number of workers required to produce a given amount of goods and services.
c. amount of labor that can be saved by replacing workers with machines.
d. actual amount of effort workers put into an hour of working time.
a
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Shares of stock and long-term debt, including corporate and government bonds and bank loans, are bought and sold on
A) the stock market. B) foreign exchange markets. C) capital markets. D) commodity markets.
Refer to the table below. What is the profit-maximizing total quantity for Just Juice to produce?
Just Juice produces whole fruit juice that it sells in single bottles. Just Juice is a multi-plant firm with market power. The above table summarizes the total marginal cost of production at various output levels in Just Juice's two plants with the corresponding marginal revenue (dollars per bottle) and market demand (price per bottle).
A) 530
B) 955
C) 850
D) 1,100
Rent subsidies and wage subsidies are better than price controls at helping the poor because they have no costs associated with them
a. True b. False Indicate whether the statement is true or false
If a strong, persistent trend in the exchange rate appears to be inconsistent with any form of economic fundamentals, it is called
A. a speculative bubble. B. overshooting. C. uncovered speculation. D. exchange rate parity.