« previous next »

Author Question: As an economy recovers from a recession, the observed level of labor productivity tends to decline. ... (Read 110 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
on: Jul 1, 2018
As an economy recovers from a recession, the observed level of labor productivity tends to decline. Why?
 
  A) The total product remains the same during the recovery, but the number of workers declines.
  B) The total product increases during the recovery, but the number of workers declines.
  C) The marginal product of labor declines as new workers enter the expanding work force.
  D) The marginal product of labor increases at a slower rate than the decline in employment.

Question 2

The snob effect corresponds best to a
 
  A) negative network externality.
  B) Giffen good.
  C) positive network externality.
  D) bandwagon effect.


aburgess

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Sequential decline of whale catches in the Antarctic shows the strong effect of human predators. Sequential decline of whale catches in the Antarctic shows the strong effect of human predators.
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Latin America in the Global Economy Latin America in the Global Economy
Higher-Level Thinking Skills Used in Massage Therapy Higher-Level Thinking Skills Used in Massage Therapy
Rising sea level: Some areas will be affected by a rise of just 40 cm Rising sea level: Some areas will be affected by a rise of just 40 cm
Rising Sea Level Rising Sea Level
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library