Improvements in the productivity of labor will tend to:
a. increase the supply of labor
b. increase the demand for labor.
c. decrease the supply of labor.
d. decrease the demand for labor.
b
You might also like to view...
Gross domestic product is the market value of all the _______ in a given time period
A. goods and services bought by Americans B. goods and services produced by American companies in all countries C. final goods and services produced by all firms located in the United States D. U.S.-produced goods and services bought in the United States
Which of the following is an example of a good with a highly elastic supply curve?
a. luxury goods b. tropical vacations c. pizza d. sports vehicles
Since almost all forms of transportation produce some type of pollution,
a. the government should ban all transportation. b. the government should ban all pollution. c. society has to weigh the cost and benefits when deciding how much pollution to allow. d. refrain from intervening because the market can best solve this problem.
You turn to the bond market page of a newspaper and look under the column headed "Close" and see that it says, "49 1/2" this indicates that
A) the closing price for the bond on this particular day is $495. B) the closing price for the bond on this particular day is $49.50. C) the closing price for the bond was $49.50 higher than on the previous trading day. D) the bond will mature on June 30, 2049.