Private property provides an incentive to
A. save, but it fails to provide an incentive to work.
B. both work and save.
C. neither work nor save.
D. work, but it fails to provide an incentive to save.
Answer: B
You might also like to view...
A change in labor productivity shifts the __________ curve and a change in the exchange rate shifts the __________ curve
A) SRAS; SRAS B) AD; AD C) SRAS; AD D) AD; SRAS E) none of the above
Increasing the capital available to the workforce, holding other factors constant, tends to ________ total output while ________ average labor productivity.
A. increase; not changing B. increase; increasing C. decrease; increasing D. increase; decreasing
The labor force participation rate equals the
A) (labor force divided by the number of people not in the labor force) × 100. B) (number of employed divided by the labor force) × 100. C) (labor force divided by working-age population) × 100. D) (labor force divided by the total population) × 100.
If Irene can make either four chairs or one table in an hour and Greg can make either three chairs or two tables in an hour then
A) Irene has the absolute advantage in the production of chairs. B) Irene has the comparative advantage in the production of tables. C) Greg has the absolute advantage in the production of chairs. D) Greg has the comparative advantage in the production of chairs.