Author Question: Which of the following would increase labor productivity? a. A decrease in the amount of capital ... (Read 45 times)

madam-professor · **on:** Jun 30, 2018

Which of the following would increase labor productivity?
a. A decrease in the amount of capital per unit of labor
b. A change in technology that improves the quality of capital
c. A decrease in the unemployment rate
d. An increase in the number of inexperienced workers entering the labor force
e. A decrease in the quality of capital

Question 2

According to the rule of reason, when would the courts find a monopoly in violation of the Sherman Antitrust Act?
a. Always-monopoly is per se illegal under the rule of reason.
b. Only when the monopoly created negative externalities.
c. Only when the monopoly engaged in illegal business practices.
d. Only when the monopoly charged excessively high prices.