38. The ways to increase labor productivity include a. increasing the capital-labor ratio; b. increasing the labor force participation rate; c. increasing human capital; d. both a and c are ways of increasing labor productivity.
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- macroeconomics multiple choice question 28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita of $75,000. Which of the following is NOT a plausible reason for Country B’s higher GDP-per-capita?(A) Country B has more open and inclusive economic and political institutions. (B) Country B has more natural resource wealth.(C) Country B has lower productivity.(D) Country B has more capital. 29. After lockdowns were declared globally in 2020, the price of oil crashed from $64 per barrel in January to $18 per barrel in April. What is the most likely reason that lockdowns contributed to the oil price crash?(A) Supply increased due to oil companies reallocating resources to help with the COVID-19 pandemic.(B) Supply decreased due to oil workers being furloughed.(C) Demand increased from factories producing Personal Protective Equipment for essential workers.(D) Demand decreased since fewer people were commuting to work.1. How does an increase in labor-productivity increase income? a. An increase in productivity, increases the marginal product of labor which increases the demand for labor. As demand for labor increases, the wage rate increases. b. An increase in productivity, decreases the marginal product of labor which increases the demand for labor. As demand for labor increases, the wage rate increases. c. An increase in productivity, increases the marginal product of labor which decreases the demand for labor. As demand for labor decreases, the wage rate increases. d. An increase in productivity, increases the marginal product of labor which decreases the demand for labor. As demand for labor decreases, the wage rate decreases.Procurement- Which one of the following is not a reason to purchase globally? A. Product availability B. Labor availability C. Reserving capital for other purchases instead of using it for equipment needed. D. Budget surplus to use before year end
- Economic mobility refers to __________________. A company's ability to pay its bills from cash or from assets that can be turned into cash very quic Recessions (caused by Capitalism?) make things worse for the poor because they are so vulnerable to price fluctuations We are losing the middle class and the U.S. is becoming more separated into rich and/vs. poor. The ability of an individual, family or some other group to improve (or lower) their economic status—usually measured in income. A company's ability to pay its bills from cash or from assets that can be turned into cash very quickly7. Wages and salaries comprise the price of labour. What happens to the market forlabour when immigration increases?(A) Demand rises; wages go up.(B) Demand declines; wages go down.(C) Supply rises; wages go down.(D) Supply declines; wages go up 8. Under a Malthusian paradigm, why do wars, pandemics, and famines cause a temporary increase in per-capita wealth? (A) The corporations associated with weapons, pharmaceuticals, and agriculture profit, thus increasing economic growth.(B) The available resources are shared between fewer individuals, since many have died.(C) The available resources increase in price, since demand rises.(D) Per-capita wealth never rises under a Malthusian paradigm. 13. According to Statistics Canada (base year=2002), the CPI in Canada for 1914 is 6. In 2020, the CPI is 137. Suppose that in 1914, $20.67 could purchase a custom tailored suit. How much is this in 2020 dollars?(A) $9.05.(B) $471.97.(C) $0.91.(D) $4,719.65.1. Research into how this stories illustrates the impact of foreign influence on Veitnam. A. Post-Colonial Criticism B. Postmodernism C. Structuralism D. Gender Criticism 2. An analysis of the American definition of masculinity in regards to war. A. Post-Colonial Criticism B. Postmodernism C. Structuralism D. Gender Criticism 3. A study of the effect of retelling the story in new and different ways to try to express the same concept. A. Post-Colonial Criticism B. Postmodernism C. Structuralism D. Gender Criticism
- 32. Specialization and division of labor may improve productivity because they lead to? a. Proficiency b. The four factors of production c. Scarcity d. ConsumptionTRUE or FALSE 17. Investment in human capital is beneficial in the short run but investment in physical capital is beneficial in the long run. 18. Centralized urbanization leads to underdeveloped peripheral economies. 19. Improving hard infrastructures rather than soft infrastructures is absolutely a better choice in urbanization6. Use the information given here to answer the following questions: Manufacturing: Sales revenue PM QM = 150 Payments to labor=W-LM=100 Payments to capital=Rx K = 50 Agriculture: largsib e diw gairde vil Sales revenue = PA-QA = 150g to song orb og ands and Payments to labor=W.LA = 50 seogqu2.01 Payments to land=RT T=100 admul zboog own soub Holding the price of manufacturing constant, suppose the increase in the price of agriculture is 20% and the increase in the wage is 10%. a. Determine the impact of the increase in the price of agricul- ture on the rental on land and the rental on capital. bas ebens ni b. Explain what has happened to the real rental on land and the real rental on capital. rurgiël od zelimia dosts & al
- The four factors of production that produce economic activity are ______. a. Corporations, small businesses, marketing and technology b. Interest rates, unemployment, taxes and growth c. Machines, buildings, money and capital d. Land, labor, capital and enterpriseProduction possibility concept is useful in macroeconomics to ____________. a. Know the production possibility of a company b. Know the production possibility of one product c. Know the production possibility of a nation d. All of the optionsPer capita GDP in the long run: Suppose an economy begins in steady state.By what proportion does per capita GDP change in the long run in responseto each of the following changes?(a) Te investment rate doubles.(b) Te depreciation rate falls by 10%.(c) Te productivity level rises by 10%.(d) An earthquake destroys 75% of the capital stock.(e) A more generous immigration policy leads the population to double.