In general, as productivity levels increase, the potential for productivity growth
a. decreases.
b. increases.
c. remains the same.
d. increases if GDP increases.
a
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You are playing a game in which a dollar bill is auctioned. The highest bidder receives the dollar in return for the amount bid. However, the second-highest bidder must pay the amount that he or she bids, and gets nothing in return
The optimal strategy is: A) to bid the smallest allowable increment below $1. B) to bid nothing. C) to bid $0.99. D) to bid more than a dollar.
The first type of labor unions that emerged in the United States were
A) industrial unions. B) craft unions. C) professional unions. D) transportation unions.
Which of the following is given in the video as an example of a negative real shock to the economy?
A. A technological advance that increases investment B. A rapid rise in the price of oil C. A decrease in consumer confidence D. A stretch of very bad weather