For given inputs of labor and capital, if technology is better, labor productivity will be
a. higher.
b. lower.
c. unchanged.
d. characterized by increasing returns to scale.
a
Economics
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Refer to the figure above. Domestic consumers of this product in A would most prefer
A) a customs union with C. B) a customs union with B. C) a free trade agreement with C. D) no agreement with either country.
Economics
Which of these faulty economic policies was adopted by President Hoover during the Great Depression?
a. An increase in tax rate b. An increase in trade barriers c. A decrease in tax rate d. A decrease in government spending e. An increase in government spending
Economics