Labor productivity depends on the
a. the effectiveness of government
b. the size of the economy
c. the proportion of the labor force that is unionized
d. the amount of capital
e. All of the answers are correct
A
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At the equilibrium point of a market,
a. supply equals demand. b. neither demanders nor suppliers are satisfied. c. the quantities supplied and demanded are equal. d. suppliers will refuse any price increases offered by demanders.
Write an essay on the national defense argument for tariffs. Include in your discussion points in favor of this idea as well as problems with its implementation. Is protection the best policy to achieve the stated ends? Explain
What will be an ideal response?
When making a decision, it is easier to identify and evaluate which of the following?
A. Costs associated with the decision. B. Benefits associated with the decision. C. Costs and benefits are equally easy to identify and evaluate. D. Neither of these is often easy to identify and evaluate.
A monopolist union that desired to maximize its total wage bill (w ? l) would offer that quantity of labor for which:
a. labor's marginal productivity is zero. b. labor's wage falls to zero. c. the quantity of labor hired is as great as possible given the firm's demand curve. d. the marginal revenue from providing one more worker to the market is zero.