Workers earn more than half of the income generated by the production process.
Answer the following statement true (T) or false (F)
True
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Relative to the United States, Europe has
A) higher unemployment. B) slower job growth. C) higher real wage growth. D) A and B. E) all of the above.
The standard cut-off for cost per QALY is
a. equal to per capita income b. 2 times per capita income c. 3 times per capita income d. 4 times per capita income e. 5 times per capita income
A monopolist that is earning economic losses will, in the long run,
a. exit the industry. b. shift it's demand curve rightward. c. stay in the industry, since eventually the price will have to rise. d. encourage competitors to enter the industry in order to enliven it.
The table below shows the weekly supply for hamburgers in a market where there are just three sellers.PriceSeller 1 Qs 1Seller 2 Qs 2Seller 3 Qs 3$5854464334322221If seller 3 exits the market (goes out of business), then the weekly market quantity of hamburgers supplied at a price of $4 will be
A. 13 B. 10 C. 6 D. 9