Additional labor productivity would be equivalent to a) it is not equivalent any of the choices. b) education and skills. c) additional output for additional input. d) GDP per number of active labor force. e) all of the choices are correct f) marginal productivity of the worker.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
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1) Additional labor productivity would be equivalent to

a) it is not equivalent any of the choices.
b) education and skills.
c) additional output for additional input.
d) GDP per number of active labor force.
e) all of the choices are correct
f) marginal productivity of the worker. 

2. All of the following will cause unemployment except

a) educational institutions
b) quality of graduates
c) government policies
d) use of modern technology
e) stable prices 

3. Having a higher income means having more money to buy food, but 

a) there are choices that must be made to get the proper value for food consumed.
b) eating processed/manufactured foods do little for the economy.
c) quality and quantity of foods must be chosen.
d) prices increase when income increases.
e) restaurants are far better to eat in than fast food.

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