Labor productivity can be increased if
A) the government mandates it.
B) the standard of living declines.
C) people spend less time developing skills before entering the workforce.
D) there is an increase in capital goods.
D
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Why do firms ignore external costs when they pollute?
What will be an ideal response?
An increase in the price of a good causes
A) a change in the slope of the budget line. B) an increase in the consumption of that good. C) a rightward shift of the demand curve for that good. D) a parallel rightward shift of the budget line.
If the nominal GDP of a country increases by 25 percent in 5 years but real GDP remains more or less stable, it implies that the growth in nominal GDP was due to an increase in _____
a. total fiscal spending b. the rate of investment c. the amount of exports d. the rate of inflation
Of the following demographic groups in the United States, which is least likely to be poor?
a. female headed households with no husband present b. African-American households c. full-time workers d. part-time workers