If the utilization rates of capital and labor are procyclical, then
A) output will rise in recessions and decline in expansions.
B) measured productivity will be constant.
C) the Solow residual will be procyclical.
D) prices will be countercyclical.
C
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Which of the following methods of restricting trade does NOT create a deadweight loss?
A) a tariff B) a quota C) a voluntary export restraint D) Both answers A and B are correct. E) None of the above answers is correct because all the methods create a deadweight loss
A major contributor to the slowdown in U.S. labor productivity during the 1973-1995 period was
a. capital spending. b. technological change. c. labor force growth. d. investment spending.
When the average variable cost curve is at its minimum point, average product will be:
A. at its maximum. B. decreasing. C. at its minimum. D. increasing.
Refer to the following table. Fill in the table and answer the following question: What is the marginal utility of the ninth can of soda?Cans of SodaTotal utilityMarginal utility654 7 68 0954
A. 54 units of utility B. ?6 units of utility C. 2 units of utility D. 0 units of utility