Holding other factors constant, if 3D-printing technology allows factory workers to manufacture more products per hour, then the real wages of factory workers will ________ and employment of factory workers will ________.
A. increase; increase
B. decrease; increase
C. increase; decrease
D. decrease; not change
Answer: A
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Which of the following will NOT shift the short-run aggregate supply (SRAS) curve?
A) a reduction in the price of a raw material B) technological progress C) a change in the wage rate D) a change in the price level
Measured as a share of the economy, government expenditures:
a. have been between 10 and 15 percent of the U.S. economy since 1930. b. have been between 20 and 25 percent of the U.S. economy since 1930. c. rose from less than 10 percent in 1929 to about 35 percent currently. d. declined from more than 50 percent in 1929 to approximately 25 percent currently.
For each of the cases below, indicate what the numerical change means and state whether the euro has appreciated or depreciated.a. The spot exchange rate changes from 450 euros per Mexican peso to 440 euros per Mexican peso.b. The spot exchange rate changes from 0.011 Mexican pesos per euro to 0.006 Mexican pesos per euro.c. The spot exchange rate changes from 1.48 euros per British pound to 1.51 euros per British pound.d. The spot exchange rate changes from 0.73 British pounds per euro to 0.75 British pounds per euro.
What will be an ideal response?
The advertisement approach that allows a consumer to follow up directly to an advertising message is known as
A. direct marketing. B. mass marketing. C. indirect marketing. D. interactive marketing.