Which of the following will be true if employment grows faster than the population as a whole?
a. Output per capita will increase faster than productivity per worker
b. The standard of living will increase.
c. Output per capita and productivity per worker will grow at an equal pace.
d. Output per worker and productivity per worker will remain unaffected.
e. Output per capita will increase at a diminishing rate.
b
Economics
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A . How did the National Bank Act of 1864 tighten the money supply? b. What was the weakness of the National Bank Act of 1864?
Economics
The introduction of word processing software that increases the demand for workers with computer skills relative to those without such skills is an example of:
A. skill-biased technological change. B. increasing reservation prices. C. the diminishing marginal product of labor. D. globalization.
Economics