If the capital stock increases faster than employment, then we would expect
a. both output and labor productivity to rise
b. output to rise but labor productivity to fall
c. both output and labor productivity to fall
d. output to fall but labor productivity to rise
e. output to rise but labor productivity to remain unchanged
A
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Which of the following statements is true?
A) All economic agents are necessarily individuals. B) A worker who shirks work is not an economic agent. C) A government is an example of an economic agent. D) A street gang is not an economic agent.
If a virtual currency satisfies all the functions of money, then its classification as part of a nation's "official" money supply should depend on whether it:
a. Is of sufficient size to materially influence spending. b. Significantly changes a nation's current, official monetary base. c. Significantly changes a nation's current, official M2 money multiplier. d. All of the above are true.
Question text The choices of a charitable person will be influenced by Select one:
a. changes in benefits but not costs. b. changes in costs but not benefits. c. both changes in benefits and costs. d. neither changes in benefits nor costs.
Suppose that the demand in a particular industry is given by Qd = 500 ? 2P. When the market price in the industry is $50 per unit, total demand in the industry is ________. Furthermore, assume that the entire market consists of four firms that share the market equally. The HHI under these conditions is then ________.
A. 225 units; 3,333.33 B. 400 units; 2,500 C. 400 units; 10,000 D. 225 units; 1,600