Author Question: One of the factors contributing to the fact that labor productivity is higher in the U.S. than in ... (Read 43 times)

WhattoUnderstand · **on:** Jul 1, 2018

One of the factors contributing to the fact that labor productivity is higher in the U.S. than in the People's Republic of China is

A) China's larger stock of capital.
B) the higher capital/labor ratio in China.
C) the higher capital/labor ratio in the U.S.
D) China's smaller stock of fossil fuels.
E) the fact that much labor in the U.S. is in management.

Question 2

A consumer's demand for CDs can be represented by a line with slope -b and intercept a. If the current price of CDs is P, then the ratio of consumer surplus to total expenditures on CDs equals

A) (a - P)(a - bP).
B) 1/2(a - P)(a - bP).
C) D(a - bP).
D) (a - P)/P.
E) (a/b - P)/(2P).