The implementation of the assembly line is an example of how
A) changes in the organization of production improve productivity.
B) neutral technical change improves productivity.
C) non-neutral technical change can decrease productivity.
D) labor saving technical change increases economy-wide unemployment.
A
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Which of the following will not change the demand for office visits to the physician?
a. unusually cold and damp weather during the winter. b. a change in the price of an office visit. c. layoffs at the local plant causing a decrease in the number of people with health insurance in the community. d. television advertising by drug manufacturers to promote a new over-the-counter influenza treatment. e. they all change the demand for office visits.
If the national debt is owned by domestic citizens:
a. the debt will not have to be repaid. b. future interest payments transfer funds from one group of Americans to another. c. the debt will have to be repaid first to domestic creditors, then to foreign creditors. d. future interest payments will go to pay foreign debt first, then debt owed to American citizens.