Labour productivity is measured by:
What will be an ideal response?
real output per worker hour
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Which of the following would is included as Investment Spending in aggregate demand?
A. Sandra finances her business from the sale of $200,000 of treasury securities. B. Marco buys a new building off the Santa Monica coast for his startup. C. Maria purchases $100,000 of foreign bonds. D. Allen sells the old truck he used for transporting goods.
If a firm produces 8 units of output with average fixed cost=$40 and average variable cost=$25, what is its average cost?
a. $100 b. $20 c. $65 d. $32
A decrease in the interest rate is represented by
a. a leftward shift of a firm's investment curve b. a rightward shift of a firm's investment curve c. a movement along a firm's investment curve, upward and to the left d. a movement along a firm's investment curve, downward and to the right e. a movement along a firm's investment curve, upward and to the right
If the demand for cucumbers falls when the price of tomatoes rises, then we know that tomatoes and cucumbers are:
A. substitutes B. normal goods C. inferior goods D. complements