The Trump administration hopes to expand apprenticeship programs that provide skills needed by workers. This would ________ the employment-population ratio, which would increase ________

A) increase; growth in labor productivity
B) increase; the growth rate of hours worked
C) decrease; growth in labor productivity
D) decrease; the growth rate of hours worked


Answer: B

Economics

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The slope of the isoquant tells the firm how much

A) output increases when labor increases by one unit. B) output increases when capital and labor are doubled. C) capital must decrease to keep output constant when labor increases by one unit. D) a unit of capital costs relative to the cost of labor.

Economics

Refer to Table 5.1. Ranked highest to lowest in expected income, the majors are

A) economics, accounting, English, mathematics, political science. B) mathematics, English, political science, accounting, economics. C) economics, accounting, mathematics, English, political science. D) English, economics, mathematics, accounting, political science. E) accounting, English, mathematics, political science, economics.

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Which of the following was never a labor union?

a. American Federation of Labor b. Labor Relations Board c. Congress for Industrial Organization d. Knights of Labor

Economics

Exhibit 3-4 Supply curves In Exhibit 3-4, a shift in the supply curve from S1 to S2 represents a(n):

A. decrease in supply. B. decrease in the quantity supplied. C. increase in supply. D. increase in the quantity supplied.

Economics