Which of the following will be true if employment grows faster than the population as a whole?
a. Output per capita will increase faster than productivity per worker
b. The standard of living will increase.
c. Output per capita and productivity per worker will grow at an equal pace.
d. Output per worker and productivity per worker will remain unaffected.
e. Output per capita will increase at a diminishing rate.
b
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Minneapolis business Rogue Chocolatier sells specialty chocolate bars with a high cocoa content. Most chocolate companies use already processed chocolate to craft their sweets
But Rogue buys raw cocoa beans, and roasts and grinds them until they're in a liquid state and then runs the chocolate through a big squat machine with rollers. Which statement is TRUE for Rogue? A) Raw cocoa beans are a variable factor of production and the machine is a fixed factor of production. B) Both processed chocolate and raw cocoa beans are variable factors of production. C) Processed chocolate is a variable factor of production and the machine is a fixed factor of production. D) Processed chocolate and raw cocoa beans are variable factors of production and the machine is a fixed factor of production.
The automobile emission standards in the United States are established by
a. automobile producers b. efficient free markets c. the Environmental Protection Agency (EPA) d. automobile owners because they are free to buy whatever gasoline they want e. international standards designed by the United Nations
If people are made unemployed because of a fall in aggregate demand this is known as:
a) Frictional unemployment b) Seasonal unemployment c) Cyclical unemployment d) Structural unemployment
As the price level rises
a. people will want to buy more bonds, so the interest rate rises. b. people will want to buy fewer bonds, so the interest rate falls. c. people will want to buy more bonds, so the interest rate falls. d. people will want to buy fewer bonds, so the interest rate rises.