Because banking is very __________-intensive, a bank generally becomes successful if it can __________ the ratio of salary and wages to total assets
A) capital; raise
B) capital; lower
C) labor; raise
D) labor; lower
D
Economics
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The law of diminishing returns to labor implies that
a. capital is more productive than labor b. workers become less efficient once they have a secure job c. output increases at a decreasing rate with the employment of new workers d. employers pay workers a wage rate that is less than the workers' MRP e. capital is less productive than labor
Economics
If the value of the domestic currency depreciates:
a. Aggregate demand falls and aggregate supply rises. b. Aggregate demand rises and aggregate supply rises. c. Aggregate demand rises and aggregate supply falls. d. Neither aggregate demand nor aggregate supply change. e. None of the above.
Economics