This topic contains a solution. Click here to go to the answer

Author Question: Total efficiency units of labor in an economy increases if ________. A) the average number of ... (Read 52 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
Total efficiency units of labor in an economy increases if ________.
 
  A) the average number of hours worked by each worker decreases
  B) each worker becomes more productive
  C) each worker earns a lower wage
  D) the amount of capital available to each worker diminishes

Question 2

Weighing the benefits and costs of the different speeds at which to sail an ocean cargo ship addresses the economic concept known as
 
  A) the principle of opportunity cost. B) the principle of voluntary exchange.
  C) the marginal principle. D) the principle of diminishing returns.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mariahkathleeen

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

B

Answer to Question 2

C





 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

For a complete list of videos, visit our video library