One plausible explanation of the U.S. productivity slowdown starting in 1973 is that it was the result of the time needed to adapt to new technology. This explanation would require that
A) workers withdraw from the labor force to learn about the new technology.
B) a large number of new entrants be attracted to the labor force.
C) managers be reluctant to adopt changes.
D) workers time at their jobs be diverted from production to learning the technology.
D
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A single-price monopoly has the demand and marginal cost schedules given in the above table. What is the profit-maximizing level of output and price?
What will be an ideal response?
An important lesson of the Chilean crisis was that
a. inflows of foreign capital should be strictly regulated b. governments should ensure that the current account balance is kept close to 0 c. governments need to maintain regulation and oversight of the banking sector d. government intervention in financial matters leads to capital flight e. none of the above