A firm's demand curve for labor services:
A. will not change if technology changes.
B. is not related to the price of the firm's output.
C. depends on the amount of other inputs used by the firm.
D. is independent of the demand for the firm's output.
Answer: C
Economics
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If the capital-labor ratio equals 1.5 in the steady state, depreciation equals 20, and dilution equals 10, investment per worker equals
A) 15. B) 20. C) 30. D) 45.
Economics
A country with an overvalued currency
A. will have a balance of payments deficit. B. will suffer losses of foreign reserves. C. must intervene in the foreign-exchange market to buy its own currency. D. All of the above are correct.
Economics