Labor resources include:

a. skilled workers but not unskilled workers.
b. unskilled workers but not skilled workers.
c. a robot.
d. education and training of workers.
e. coffee breaks.


d

Economics

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An economy currently has an inflationary gap. An increase in the money wage rate will ________ the inflationary gap and ________ the price level

A) decrease; decrease B) increase; increase C) increase; decrease D) decrease; increase

Economics

Which of the following statements is TRUE?

A) A monopoly cannot set price and quantity such that the point lies above the demand curve. B) A monopoly can charge whatever it wants. C) Profit maximization occurs by setting price first. D) Both A and B.

Economics

The existence of interdependence among firms in an oligopoly market

A. allows the analysis of the market through standard approaches. B. results in a monopoly outcome under virtually all circumstances. C. increases entry into the market. D. results in a great deal of difficulty in analyzing the behavior of firms.

Economics

An increase in interest rates by the Federal Reserve is an example of ________ policy.

A. monetary B. structural C. aggregation D. fiscal

Economics