Productivity is defined as the quantity of goods and services produced from each unit of labor input
a. True
b. False
Indicate whether the statement is true or false
True
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The figure above shows two Lorenz curves, one before income redistribution and one after income redistribution. Lorenz curve B represents
A) market income. B) money income. C) money income before taxes. D) income after taxes.
In order to maintain a fixed exchange rate:
A. a country cannot change its money supply. B. a country must constantly increase its money supply. C. a country must constantly decrease its money supply. D. Maintaining a fixed exchange rate is unrelated to the money supply.
If the price of pork rinds falls, then the substitution effect due to the price change will cause
A) an increase in the demand for pork rinds. B) an increase in the demand for corn chips, a substitute for pork rinds. C) an increase in the quantity of pork rinds demanded. D) a decrease in the quantity of pork rinds demanded.
Capital budgeting projects include all of the following except
A) the purchase of a six-month treasury bill. B) the expansion of a plant. C) the development of a new product. D) the replacement of a piece of equipment.