Labor productivity is measured by the
A) unemployment rate divided by the employment rate.
B) output per hour of labor.
C) ratio of labor to capital with a given technology.
D) labor force participation rate.
E) size of the labor force.
Correct Answer:
Verified
Q2: Economic problems arise because
A) the number of
Q3: The expression "there's no such thing as
Q4: Economic analysis is
A) widely understood by all
Q5: Proposed causes of the Great Recession include
Q6: The poor performance of the U.S.economy relative
Q7: Over time the U.S.economy has had
A) fluctuations
Q8: The basic characteristic of an economic resource
Q9: The existence of relative scarcity
A) refers to
Q10: Understanding poverty involves understanding those social mechanisms
Q11: Human wants and desires
A) are rarely influenced
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