Developing new products and services as well as introducing new production methods are among the ways that ________ increases average labor productivity.
A. an entrepreneur
B. physical capital
C. human capital
D. a manager
Answer: A
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Suppose a labor market has perfectly inelastic supply that is composed of union and non-union workers, and both groups of workers initially earn the perfectly competitive wage
What happens to the equilibrium employment level and wage for union workers if the union exercises its bargaining power? A) Both increase. B) Employment increases and wage declines. C) Wage increases and employment declines. D) Both decline.
A budget deficit will be most inflationary if the aggregate
A. demand curve is very steep. B. demand curve is very flat. C. supply curve is very flat. D. supply curve is very steep.
If the quantity of concert tickets sold decreases by 10 percent when the price increases by 5 percent, this market is operating in which section of its downward-sloping straight-line demand curve?
A. the section above the point of unit elasticity B. the point equal to unit elasticity C. the section below the point of unit elasticity D. This market show elastic demand which could occur at any point along the demand curve.
Exports minus imports equals net exports.
a. true b. false