Proponents of the view that the higher rate of productivity growth since 1996 is part of a long-run trend argue it is
a result of
a. employers forcing more output from workers, who have become victims of new technologies.
b. the shrinkage of the labor force, so that output per worker is rising.
c. the rise of employment in the highly productive manufacturing sector.
d. a continuing increase in the use of computers and other kinds of information technology.
d. a continuing increase in the use of computers and other kinds of information technology.
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Assuming all else equal, any change that causes an increase in the credit supply at a given real interest rate will cause:
A) the credit supply curve to shift to the left. B) a downward movement along the credit supply curve. C) an upward movement along the credit supply curve. D) the credit supply curve to shift to the right.
There is only one firm in a small island country. The firm produced 1,000 units of Good X during a particular year out of which it could sell 900. If each unit of the good sells for $500, what is the gross domestic product of the country?
A) $150,000 B) $450,000 C) $40,000 D) $500,000
When foreign investors in Thailand began to realize that Thailand could not maintain its peg to the dollar indefinitely, they began to ________ in Thailand and exchange ________. This change in investment by foreigners is termed capital flight
A) purchase more investments; dollars for baht to purchase these investments B) sell off their investments; the dollars they received for baht C) purchase more investments; baht for dollars to purchase these investments D) sell off their investments; the baht they received for dollars
Which of the following industries accounts for the largest share of world trade?
a) agriculture b) mining c) manufacturing d) construction e) services