At any given point on the curve, the slope of the total product curve always equals
A) the ratio of the marginal product and the average product.
B) the change in input divided by the change in output.
C) the average product of the input.
D) the marginal product of the input.
D
Economics
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The natural unemployment rate is higher if
A) many of the new jobs created require skills possessed by the available labor. B) there are fewer two-income households. C) unemployment benefits become more generous. D) efficiency wages are lower. E) there is a decrease in the working-age population.
Economics
The Green Revolution has not resulted in
a. reduced food prices b. increased yields c. more irrigation d. more agricultural research e. The Green Revolution has resulted in all of the above.
Economics