The productivity gains from computer revolution appear to be small, possibly because we have not yet learned how to measure productivity in service sectors?such as banking, law, and medicine?that have benefited the most
Indicate whether the statement is true or false
true
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According to the U.S. Bureau of Labor Statistics, between 2000 and 2005, real wages in concrete work fell by 16.5%, despite a soaring demand for workers
This implies that the supply of workers in this field increased faster than the demand for workers. Indicate whether the statement is true or false
Currency held by the nonbanking public is a medium of exchange
a. True b. False Indicate whether the statement is true or false
The straight-line production possibilities curve
A) does not show increasing opportunity costs. B) fails to reflect tradeoffs. C) fails to benefit trading nations. D) refutes the principles of comparative advantage.
When the United States sells assets abroad, it is in essence lending money, and foreign debts to the United States increase.
Answer the following statement true (T) or false (F)