Which of the following is an example of a measure of labor productivity?
A) Farm workers produce 30 bushels of wheat per worker per day.
B) Autos get 30 gallons to the mile.
C) The growth rate of per capita real GDP is 3.5 percent per year.
D) Wages increase by 3.5 percent per year for 5 years.
A
Economics
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________ occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business
A) Deliberate dumping B) Ravaging dumping C) Voracious dumping D) Predatory dumping
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Assume that the reserve requirement is 10 percent. A $1,000 cash deposit into a savings account will immediately increase the bank's required reserves by _____
a. $10,000. b. $500. c. $100. d. $1,500. e. $10.
Economics