If a firm adopts a labor-saving piece of technology, it will:
A. increase the marginal product of labor.
B. decrease the marginal product of labor.
C. increase the marginal supply of labor.
D. decrease the marginal supply of labor.
B. decrease the marginal product of labor.
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Which of the following is an example of foreign portfolio investment?
A) the purchase of a U.S. mutual fund by a U.S. citizen B) the purchase of a Japanese factory by a Korean citizen C) the purchase of a U.S. stock by a U.S. citizen D) the purchase of a U.S. Treasury bond by a German citizen
The extent of discrimination is
a. measured by the differences in incomes. b. the reason for two-thirds of the income differential between black male workers and white male workers. c. difficult to quantify and controversial. d. easily measured for each category of workers.
Economists define disposable income (Yd )
What will be an ideal response?
Government intervention to reduce the level of pollution is prompted by the existence of
a. government failure b. Externalities c. an inequitable distribution of income d. a monopoly