As the amount of labor input increases ________. This means that the marginal product of labor (MPL) ________
A) the slope of the production function increases; goes up
B) the slope of the production function falls; declines
C) the slope of the production function falls; goes up
D) the slope of the production function increases; declines
E) none of the above
B
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When consumers are less confident about their jobs or incomes, they are more likely to
A) reduce purchases of durable goods than nondurable goods. B) increase consumption spending and decrease investment spending. C) reduce purchases of nondurable goods and increase purchases of durable goods. D) increase investment spending and decrease consumption spending.
In 2013, the poverty line for single parent families headed by males was:
a. about half the overall poverty rate b. about the same as for families headed by married couples c. about half the rate for single parent families headed by females d. all of the above