Automated production methods are only attractive when they

a. are undertaken in heavily unionized sectors of the economy.
b. reduce per-unit costs.
c. replace workers.
d. decrease labor productivity.

B

Economics

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Money and income are used interchangeably by noneconomists but mean different things.

Answer the following statement true (T) or false (F)

Economics

Table 11-1 Y = C + I + G C = 500 + 0.8(Y?T) I = 300 G = 700 T = 0.25Y Refer to Table 11-1. What is the level of saving in this model?

A. 92.5 B. 72.5 C. 62.5 D. 52.5 E. 42.5

Economics