Which of the following is likely to cause a decrease in labor productivity?
a. An increase in student achievement scores
b. A service sector that is growing slower than the growth rate of GDP
c. An increased spending on research and development
d. A decrease in capital formation
e. A low federal budget deficit
d
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The key to diversification is that the risks should be:
A. positively correlated. B. uncorrelated. C. negatively correlated. D. easy to reduce.
The information to be gathered for a decision depends on which of the following?
a. The current market conditions and on the expected costs and benefits of acquiring the information. b. The model that underlies a decision and on the expected costs and benefits of acquiring the information. c. The cost of the information and the current market conditions. d. The model that underlies a decision and the amount of information that is internally available.
Refer to the graph shown. If a firm wants to produce 300 units of output, it should use the plant size represented by:
A. SATC1. B. SATC2. C. SATC3. D. SATC4.
Management and a labor union are bargaining over how much of a $50 surplus to give to the union. The $50 is divisible up to one cent. The players have one shot to reach an agreement. Management has the ability to announce what it wants first, and then the labor union can accept or reject the offer. Both players get zero if the total amounts asked for exceed $50. Which of the following is a Nash equilibrium?
A. Management requests $35 and the labor union accepts $10. B. Management requests $25 and the labor union accepts $10. C. Management requests $50 and the labor union accepts $0. D. Management requests $20 and the labor union accepts $20.