Over the last 100 years, the U.S. labor productivity growth rate experienced its largest declines _____
a. during the Great Depression
b. in the 1940s
c. during the 1950s
d. during the 1980s
e. during the 1990s
a
You might also like to view...
The absolute value of the slope of the budget constraint is equal to
A) the quantity of the good on the vertical axis divided by the quantity of the good on the horizontal axis. B) the price of good on the horizontal axis divided by the price of the good on the vertical axis. C) the marginal rate of substitution between the two goods in question. D) the price of good on the vertical axis divided by the price of the good on the horizontal axis.
An export tariff will ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic national welfare
A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease C) increase; decrease; have no effect on; have an ambiguous effect on D) increase; decrease; have no effect on; decrease E) increase; increase; decrease; have an ambiguous effect on
According to supply-side theory, which of the following would shift the aggregate supply curve leftward?
A. Lower marginal tax rates. B. Government deregulation. C. A higher minimum wage. D. Elimination of structural bottlenecks.
In a cartel, participating members can cheat by
A. letting more entrants join the cartel. B. producing a lower production level than the cartel quota. C. leaving the industry. D. charging a slightly lower price and raising production.