Over the last century, U.S. labor productivity has:
a. fallen
b. been constant, on average.
c. grown at about 2 percent per year.
d. grown at about 8 percent per year.
e. grown at about 15 percent per year.
c
Economics
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If a firm pays its workers $10 per hour, the marginal product of labor is 5 units per hour, and the price of the firm's product is $15 per unit, what is the price elasticity of demand facing the firm?
A) -1.15 B) -2.15 C) -1.0 D) -3.56
Economics
The largest reduction in a portfolio's risk is achieved when the number of stocks in the portfolio is increased from
a. 80 to 100. b. 40 to 80. c. 10 to 20. d. 1 to 10.
Economics