If another worker adds 9 units of output to a group of workers who had an average product of 7 units, then the average product of labor
A) will decrease.
B) will remain the same.
C) will increase.
D) and what will happen to it cannot be determined.
C
Economics
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Actual unemployment can fall below the natural rate of unemployment due to
A) negative cyclical unemployment. B) structural unemployment. C) frictional unemployment. D) all of the above.
Economics
If a lower price for good X increases the demand for good Y, the cross elasticity value for the two goods is
A) negative. B) equal to zero. C) positive and less than one. D) positive and greater than one. E) possibly negative, positive, or zero, but there is not enough information to decide.
Economics