A person who monitors the production process and evaluates the productivity of workers is:
A. an employee.
B. a self-proprietor.
C. a shareholder.
D. a manager.
Answer: D
Economics
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Which is a typical property of the production function?
A. constant returns to scale B. the MPL increases as capital input increases C. the MPK increases as the labor input increases D. all of the above
Economics
An economy that experiences decreasing real GDP and increasing prices is said to suffer from _____.
(A) Stagflation (B) A depression (C) A recession (D) A business cycle
Economics