Labor productivity in the United States has:
a. been growing at ever-increasing rates since World War II
b. been growing but at lower rates in the last 25 years compared to the 25 years immediately after World War II.
c. been falling for the last 50 years.
d. remained largely unchanged over the last 50 years.
e. been growing more rapidly in the last 50 years than in most other developed economies.
b
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Which of the following factors changes saving supply and hence shifts the supply of loanable funds curve?
i. disposable income ii. wealth iii. expected profit A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Marginal utility can fall even as total utility from the consumption of a good is rising.
Answer the following statement true (T) or false (F)
Refer to Figure 4-11. What is the value of the portion of consumer surplus that has been transferred to producer surplus as a result of the price floor?
A) $1,200 B) $1,500 C) $1,800 D) $3,000
If the price of motel rooms increases by 10 percent while the prices of other goods and services increase by 5 percent on average, the relative price of motel rooms has:
A. decreased by 10 percent. B. increased. C. remained constant. D. decreased by 5 percent.