Which of the following does NOT contribute to the marginal productivity of workers?
A) discrimination
B) talent
C) experience
D) education
A
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Based on the following data for the country of Tiny Town, the unemployment rate equals Population = 100 Labor force = 80 Number of employed persons = 70 Number of discouraged workers = 5
A) 10/100 × 100. B) 10/80 × 100. C) 15/80 × 100. D) 5/70 × 100.
Which of the following will cause the demand curve for a good to shift to the left?
a. an increase in the price of the good b. a decrease in the price of the good c. a decrease in the price of a complementary good d. an expectation of a future price decline e. an increase in the price of a substitute good
Which of the following statements is correct?
a. Slope is the ratio of the vertical change (the rise or fall) to the horizontal change (the run). b. A direct relationship is one in which two variables change in the same direction. c. An inverse relationship is one in which two variables change in opposite directions. d. An independent relationship is one in which two variables are unrelated. e. All of these.
Why does increased productivity lead to sustained economic growth?
a. Increased productivity means that a population, and thus the labor supply, has increased. b. Increased productivity means a given amount of resources can be used to produce more. c. Greater productivity means a nation has adopted more sustainable practices. d. Once increased, productivity cannot decline, meaning its results are sustainable.