Which of the following would increase labor productivity?
a. A labor deepening production method
b. A decrease in the amount of capital per unit of labor
c. A lower unemployment rate
d. Recruitment of new and young labor force
e. An increase in the education level of per unit of labor
e
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Scientific evidence suggests that consumption of foods rich in fiber lowers cholesterol. As a result, the demand for bran increases at every price by 5,000 bushels and the supply curve for bran is perfectly price elastic. The quantity of bran consumed will
a. not change. b. change unless the demand curve is perfectly inelastic. c. rise by exactly 5,000 bushels. d. not rise by exactly 5,000 bushels unless the demand curve is perfectly inelastic.
If the government faced a balanced budget rule, it would be forced to raise taxes or decrease spending during a recession
a. True b. False Indicate whether the statement is true or false