Reference no: EM13818286
1. Labor productivity is measured using the:
marginal output per worker.
average output per worker.
cost of labor inputs.
value of the goods produced by labor.
2. Federal tax and expenditure programs:
are somewhat effective means of redistributing income in the United States.
are not effective means of redistributing income in the United States.
have worsened the inequality of income in the United States.
have dramatically equalized income in the United States.
have worsened the inequality of income in the United States.
have dramatically equalized income in the United States.
3. Which of the following statements is true on average?
Female executives earn less than male clerical workers.
Female machine operators earn more than female administrators.
Male and female service workers earn the same amount.
Professional specialists earn more than workers in precision production.
4. When wages rise:
the quantity of labor supplied always declines.
neither the opportunity cost of an hour of leisure nor the quantity of labor supplied is likely to change.
the opportunity cost of an hour of leisure declines.
the opportunity cost of an hour of leisure increases.
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