Productivity is generally measured as:
A. output per worker.
B. nominal output over time.
C. real output over time.
D. output per year.
A. output per worker.
You might also like to view...
A severe hurricane hits Florida, destroying large amounts of the citrus crop. What is the most likely effect of this on the aggregate supply?
A. It will remain unchanged. B. No effect; the economy will move along the curve to a higher price level. C. No effect; the economy will move along the curve to a lower price level. D. It will increase. E. It will decrease.
If the resource market is perfectly competitive:
a. the market demand for the resource is perfectly elastic. b. the market demand for the resource is perfectly inelastic. c. the suppliers can affect the input price by increasing or reducing their supply. d. the input price to each firm is constant. e. the supply of the resource is perfectly inelastic.
What shape of LRAC curve indicates that any company that is producing about the same number of units shown in the middle of the curve will be able to compete on costs?
a. Flat-bottomed curve b. U-shaped curve c. Curve trending down from left to right d. Curve trending up from left to right
Which of the following was not a typical characteristic of subprime mortgages?
A. Low down payments B. Loans to borrowers with poor credit histories C. Limited incomes with which to make loan payments D. Fixed interest rates