Which of the following did NOT contribute to the European experience of the past few decades where the stand of living rose more slowly than labor productivity?
A) longer vacations
B) higher unemployment
C) higher participation rates
D) All of the above
C
Economics
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Referring to Figure 19.2, the effect of an increase in Japanese prices is represented by a movement from point
A) d to c. B) c to d. C) a to d. D) a to b.
Economics
An engineer has informed the city manager that the marginal cost of an additional car crossing the city bridge is zero? If you were required to draw this cost function on a graph what would it look like? What is the slope of this graph?
What will be an ideal response?
Economics