Production data for Joe's Pizza Parlor are as follows. For simplicity assume that labor is the only input. Each pizza sells for $5.Number of WorkersPizzas Baked Per Day00110218324430532 How many workers will Joe hire if he must pay each one $45 a day?
A. 3
B. 2
C. 1
D. 4
Answer: C
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Providing a fixed number of workers with additional capital will ________ average labor productivity at a ________ rate.
A. increase; increasing B. decrease; decreasing C. increase; constant D. increase; decreasing
Problems with the federal government budget process include: a. budgeting that allows the President too much discretion in spending decisions
b. budgeting that increases the flexibility of discretionary fiscal policy. c. a budget outline that needs to be approved with at least a two-thirds majority vote. d. most of the expenditures being for entitlement programs. e. a brief budgeting that does not allow Congress to study whether the budget is an appropriate tool for fiscal policy.
Frictional unemployment is thought to explain relatively
a. short spells of unemployment, as is structural unemployment. b. long spells of unemployment, as is structural unemployment. c. short spells of unemployment, while structural unemployment is thought to explain relatively long spells of unemployment. d. long spells of unemployment, while structural unemployment is thought to explain relatively short spells of unemployment.
Leaders that use group ideas to make decisions
a. autocratic b. laissez-faire c. democratic d. trait