In the early 1900s, Henry Ford revolutionized the automotive manufacturing industry by instituting the assembly line. What impact did the assembly line method for producing automobiles have on the per-worker production function for Ford?

Growers expect that the price of a bushel of wheat will increase in one month. This belief results in

A) an increase in current supply of wheat. B) a decrease in current supply of wheat. C) a decrease in future supply of wheat. D) no change in current or future supply of wheat.

Which of the following is not a problem for less-developed countries?

a. Poor health and nutrition. b. Shortages of labor. c. High unemployment rates. d. Low labor productivity. e. low life expectancy