Much of a person's increased productivity can be linked to
A. on-the-job training.
B. the income elasticity of demand for the product.
C. the prevalent marginal tax rate.
D. the price elasticity of demand for the product.
Answer: A
You might also like to view...
Explain why procurement is such a problematic area for the military
What issues somewhat unique to the military make it necessary to utilize a variety of different procurement contract in order to attempt to get the correct output delivered at the lowest possible price? List four general types of procurement contracts.
Suppose when the price of novels goes from $15 to $20 per book, production increases from 760 million books to 840 million books per year. Using the mid-point method, the price elasticity of supply is
A. 0.77 B. 28.5 percent C. 37 percent D. 0.35
As it relates to R&D, the expected-rate-of-return curve, r:
a. usually slopes upward. b. shows the cost of financing various levels of R&D. c. varies in location depending on the location of the interest-rate-cost-of-funds curve, i. d. represents the marginal benefit element in the MB = MC decision framework.
Which of the following is true?
A. Velocity does not depend on which money supply measurement we use. B. Measuring money supply using M1 reduces fluctuations in velocity. C. Measuring money supply using M2 reduces fluctuations in velocity. D. Measuring money supply using M2 increases fluctuations in velocity.