Studies have found that there is a relationship between height and productivity. Briefly explain
Studies show that taller workers tend to earn more income per hour. Because wages reflect a worker's productivity, this suggests that taller workers tend to be more productive.
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A decrease in demand will cause the equilibrium price and quantity of a good to fall, ceteris paribus
Indicate whether the statement is true or false
According to the Keynesian model, an increase in autonomous investment leads to
A) a more than proportional decrease in real Gross Domestic Product (GDP). B) a less than proportional decrease in real Gross Domestic Product (GDP). C) a proportional increase in real Gross Domestic Product (GDP). D) a reduction in taxes, autonomous government spending, and a fall in real Gross Domestic Product (GDP).
The classical approach to a downturn in the business cycle was for the government to do nothing
a. True b. False Indicate whether the statement is true or false
Your text mentions several ways that international trade flows are qualitatively different than they were a century ago. Which of the following is NOT one of those ways?
A) Firms' investment spending on capital goods is more important than in the past. B) International trade in raw commodities and agricultural products is more important than it was in the past. C) It is possible to trade some types of services in a way that was not possible in the past. D) Multinational corporations play a bigger role in production than they did in the past.