Output per capita will tend to increase if the labor force participation rate in a country ____ or if workers put in ____ hours.
a. rises; longer
b. rises, shorter.
c. falls; longer.
d. falls; shorter
a
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Suppose Q = KaLb, if a + b > 1 the isoquants will be
a. upward sloping. b. progressively closer together at higher quantities. c. progressively further apart at higher quantities. d. equally spaced.
A leftward shift in supply could be caused by: a. an improvement in productive technology. b. a decrease in income
c. some firms leaving the industry. d. a fall in the price of inputs to the industry.
Which of the following statements best describes Keynes’ argument about the markets and unemployment?
a. According to Keynes, when 10 million people are willing and able to work, but one million of them are unemployed, individual markets may be doing a perfectly good job of allocating the efforts of the nine million workers—the problem is that insufficient aggregate demand exists to support jobs for all 10 million. b. According to Keynes, when 10 million people are willing and able to work, but one million of them are unemployed, the problem is that individual markets are not doing a good job of allocating the efforts of the 10 million workers. c. According to Keynes, when 10 million people are willing and able to work, but one million of them are unemployed, sufficient aggregate demand exists to support jobs for all 10 million. d. According to Keynes, when 10 million people are willing and able to work, but one million of them are unemployed, individual markets are not doing a good job of allocating the efforts of the 10 million workers because sufficient aggregate demand exists to support jobs for all 10 million.
An automobile insurance company that writes millions of policies is practicing a form of:
A. eliminating systematic risk. B. spreading risk. C. mutual fund. D. hedging risk.