The Bureau of Labor Statistics' U-1 measure of joblessness is smaller than its U-6 measure of joblessness
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to the Article Summary. Labor productivity in the UK was well below the productivity in five of the other G7 nations, only faring better than Japan.. Labor productivity is important for an economy because an increase in labor productivity
A) allows the average consumer to increase consumption. B) will create short-run, but not long-run, economic growth. C) will increase output and decrease wages in the long run. D) will increase the labor force participation rate.
The statement that “repaying our enormous national debt will ruin the nation” is
A. true, because taxes will have to go up by such large amounts that American citizens will have very little income to live on. B. true, because most of our national debt is owed to foreigners. C. false, because the government will take emergency measures to prevent national bankruptcy. D. false, because each time the principal on the debt comes due, the U.S. Treasury rolls it over by issuing more debt.
Recall the Application about low-price guarantees and the prices of tires to answer the following question(s).Recall the Application. From a pricing standpoint, low-price guarantees seem to benefit:
A. the buyer. B. the seller. C. both the buyer and the seller. D. neither the buyer nor the seller.
During the last part of the 19th century, which factor contributed to the lag in railroad construction in the Southeast and Southwest?
A. Sparseness of population B. War-induced poverty C. Coastal shipping. D. All of the above are correct.