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Author Question: The productivity curve is a relationship between ________ and ________. A) real GDP per hour of ... (Read 96 times)

RRMR

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The productivity curve is a relationship between ________ and ________.
 
  A) real GDP per hour of labor; capital per hour of labor
  B) real GDP per hour of labor; capital
  C) capital per hour of labor; labor per hour of capital
  D) real GDP; hours of labor
  E) real GDP; capital

Question 2

The table above shows the situation in the gasoline market in Tulsa, Oklahoma. If the price of a gallon of gasoline is 3.62, then
 
  A) there is a surplus of gasoline in Tulsa.
  B) there is a shortage of gasoline in Tulsa.
  C) the gasoline market in Tulsa is in equilibrium.
  D) without more information we cannot determine if there is a surplus, a shortage, or an equilibrium in the gasoline market in Tulsa.
  E) there is neither a surplus nor a shortage, but the market is NOT in equilibrium.


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yuyiding

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