Economy with no productivity growth is called the
A) zero-sum society.
B) zero-growth society.
C) export-led society.
D) doomed-to-fail society.
A
Economics
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Disguised unemployment refers to workers whose
a. marginal product exceeds the wage b. marginal product exceeds the average product c. marginal product is less than the wage d. marginal product is less than that of co-workers e. none of the above
Economics
If the demand curve is vertical a rightward shift of the supply curve will lead to
A) an increase in quantity supplied. B) an increase in quantity demanded. C) a decrease in quantity demanded. D) a decrease in price.
Economics