If the ratio of labor to capital increases, we can expect that labor productivity will increase
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Other things constant, the demand for an inferior good will decrease (the demand curve will shift left) if
A) the price of a complementary good decreases. B) the price of a substitute good increases. C) income increases. D) income decreases.
In order to meet the dual mandate, the Fed must:
A. maintain price stability. B. maintain full employment. C. keep unemployment levels near the NAIRU. D. All of these statements are true.
In a situation where both firms in a two-firm, balanced oligopoly choose to avoid the worst case scenario
a. both firms will end up in the worst case b. both firms end up in a Nash equilibrium outcome c. only one firm will survive d. both firms end up charging different prices e. both firms end up with different profit margins
Maureen left her teaching job, which paid $30,000 per year, and invested $20,000 of her retirement fund (which was earning 10 percent interest) in a new real estate business. Her accountant predicted a $60,000 revenue the first year. Her husband, an economist, forecast her profit to be
a. $10,000. b. $28,000. c. $32,000. d. $60,000.