According to the Application, Singapore requires workers who are under 50 years of age to save ________ percent of their earnings, with employers contributing another ________ percent
A) 50; 30 B) 20; 15.5 C) 10; 10 D) 40; 20
B
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Labor union membership, as a percent of workers, has steadily declined over the last several decades.
Answer the following statement true (T) or false (F)
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. Suppose Country B's population of workers increased to 600. Which of the following statements is now true?
A. Country B's production possibilities are now more limited because of crowding from having more workers. B. Country B's production possibilities curve has shifted straight out. C. Country B's production possibilities curve has rotated out for only production of iPods. D. Country B's production possibilities curve has shifted straight in.