Virtually all of the decline in labor force participation by elderly males is due to increased physical requirements of labor plus diminished health status
Indicate whether the statement is true or false
F
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Foreign direct investment that takes the form of purchasing an existing plant is often called:
a. acquisition FDI. b. greenfield FDI. c. requisition FDI. d. brownstone FDI.
What is a black market, and under what economic condition is it most likely to thrive?
What will be an ideal response?
The marginal physical product of the third unit of labor in Figure 21.1 is
A. 12.0 units per day. B. 13.3 units per day. C. 40.0 units per day. D. 4.0 units per day.
The so-called ratchet effect refers to the characteristic in the economy where product prices, wages, and per-unit production cost are flexible when:
A. AD decreases but not when AD increases B. AD increases but not when AD decreases C. AS increases but not when AS decreases D. AD shifts but not when AS shifts