In comparison to the U.S., Germany has a relatively low percentage of union membership
a. True
b. False
Indicate whether the statement is true or false
False
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The marginal rate of technical substitution (RTS) of labor for capital measures:
a. the amount by which capital input can be reduced while holding quantity produced constant when one more unit of labor is used. b. the amount by which labor input can be reduced while holding quantity produced constant when one more unit of capital is used. c. the ratio of total labor to total capital. d. the ratio of total capital to total labor.
A mixed capitalist economy is one in which
a. decisions are based primarily on religion or custom b. all resources are publicly owned and economic planning is centralized c. all resources are privately owned and prices are used to coordinate economic activity d. resources are both publicly and privately owned and some markets are regulated e. all resources are publicly owned and prices are used to coordinate economic activity
All of the following are external factors that affect the value of stocks except
a. labor disputes and unwillingness of players to cross the picket lines to play b. environmental regulations affecting an arena c. a change in workplace safety rules that apply to operating a team d. whether to declare a dividend
According to liquidity preference theory, if the price level
a. fell, the interest rate would rise, and induce investment spending to rise. b. fell, the interest rate would fall, and induce investment spending to fall. c. rose, the interest rate would rise, and induce investment spending to fall. d. rose, the interest rate would fall, and induce investment spending to rise.