Chandler (1994) maintains that domestic labor productivity has a tendency to dip with
(a) a decrease in the variety and number of new goods and services.
(b) flat consumer demand.
(c) increased foreign competition.
(d) all of the above.
(d)
Economics
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An economic expansion rather than a recession occurs
A) when the federal budget is balanced. B) when the unemployment rate falls below 5 percent. C) when growth in real GDP is positive. D) when the unemployment rate is not changing.
Economics
The difference between the total revenue and total cost curves at a given output is equal to
A. Average revenue. B. Average total cost. C. Either profit or losses depending on the curves relative position. D. Profit per unit.
Economics