The replacement ratio is defined as
A) The cost of replacing a worker
B) The cost of employing a new worker relative to the value of output they could produce
C) The cost of replacing capital relative to the book value of existing capital
D) Unemployment benefit as a share of previous earnings
E) None of the above
Correct Answer:
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Q1: The labor force participation rate is defined
Q2: When the unemployment rate is below the
Q3: The rate of unemployment will be higher
Q4: The most accurate measurement of unemployment
A) is
Q6: If firms seek an average markup of
Q7: Which of the following would not give
Q8: The marginal product of labour is defined
Q9: Which of the following is the least
Q10: If a firm's marginal product of labor
Q11: Increases in labor productivity from improved technology
A)
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