Labor productivity is represented by which of the following?
A) the ratio of output to employment
B) workers per unit of capital
C) capital per worker
D) the ratio of output to population
E) the ratio of output to the labor force
A
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In the short run (specificfactors) model, an FDI inflow into a country's manufacturing sector will cause:
a. an increase in the output of the agricultural sector. b. an increase in the employment in the agricultural sector . c. a decrease in the employment in the manufacturing sector . d. an increase in the output and employment in the manufacturing sector.
When there is no Ricardo-Barro effect, a government budget surplus ________ the real interest rate because the ________ loanable funds increases
A) lowers; supply of B) lowers; demand for C) raises; supply of D) raises; demand for E) None of the above answers is correct because the real interest rate does not change.