David Ricardo was the author of the 1817 book Principles of Political Economy and Taxation
a. True
b. False
Indicate whether the statement is true or false
True
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A bond with a high yield
A. gives investors a high return on their investments. B. gives investors a low return on their investments. C. sells for a high price. D. sells for a low price.
As the workforce ages,
A) structural and frictional unemployment increase. B) cyclical unemployment declines. C) cyclical unemployment increases. D) the natural rate of unemployment declines.
As more workers are hired, the marginal physical product of labor eventually declines because
A) less efficient workers are hired as the number of workers increases. B) workers do not work well together when the number of workers increases. C) the amount of capital each worker has to work with declines as the number of workers increases. D) of diseconomies of scale.
A minimum wage that is set above a market's equilibrium wage will result in an excess
a. demand for labor, that is, unemployment. b. demand for labor, that is, a shortage of workers. c. supply of labor, that is, unemployment. d. supply of labor, that is, a shortage of workers.