If the growth rate of employment is positive but labor productivity remains unchanged, which of the following is likely to happen?
a. Real GDP will either decrease or remain constant.
b. Real GDP will decrease

Which of the following must be true?

a. Savings must equal investment in an open economy. b. Savings must equal investment in a closed economy. c. Savings must equal consumption in an open economy. d. Savings must equal consumption in a closed economy.

Suppose a society consists of only two people, John and Jane. A utilitarian would say that the proper role of government in this society is to

a. equalize the incomes of John and Jane. b. equalize John's utility and Jane's utility. c. equalize John's marginal utility and Jane's marginal utility. d. maximize the sum of John's utility and Jane's utility.