Author Question: Refer to the figure above. A one unit increase in labor supply will lead to ________ in output in ... (Read 45 times)

plus1 · **on:** Jun 30, 2018

Refer to the figure above. A one unit increase in labor supply will lead to ________ in output in Country X than in Country Y.

A) a smaller increase B) a smaller decrease C) a larger decrease D) a larger increase

Question 2

Not including transactions from the underground economy will tend to ________ GDP, and not including environmental changes caused by pollution will tend to ________ GDP.

A) undervalue; undervalue B) overvalue; overvalue
C) overvalue; undervalue D) undervalue; overvalue