As of 2008, which of the following statements is true of labour utilization and productivity in developed economies?
A) The UK economy's labour productivity is higher than the productivity of labour in the US.
B) The utilization rate of French labour is lower than the UK's labour utilization rate.
C) Since per capita incomes are almost the same in the UK and France, their labour productivity rates must be the same.
D) The productivity of labour in the US economy is lower than labour productivity in France.
Correct Answer:
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Q1: Which of the following is a fundamental
Q3: According to Solow, which of the following
Q4: The long-run aggregate supply curve implies that:
A)
Q5: For fully developed economies in Europe, the
Q6: The aggregate supply curve is _.
A) the
Q7: Economic growth is measured as the:
A) percentage
Q8: Which of the following measures the productivity
Q9: The neoclassical model of economic growth suggests
Q10: Which of the following statements is true?
A)
Q11: If the UK increases its level of
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