Which of the following contributes to the high productivity of American workers?
A. The labor-intensive production process in the United States.
B. The decreasing investment in human capital.
C. The low level of factor mobility.
D. The abundance of capital relative to labor.
Answer: D
Economics
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Tom and Jerry are the only members of society. The table above shows their marginal benefits from defense satellites, a public good. What is the marginal benefit to society from the fourth satellite?
A) $36 B) $20 C) $18 D) $4
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A firm's demand for labor increases and its demand curve for labor shifts rightward if
A) the wage rate falls. B) the price of its product falls. C) its value of marginal product decreases. D) an advance in technology increases the marginal product of labor.
Economics