Which of the following would cause labor's share of national income to decrease?
A) labor productivity increases less rapidly than the real wage rate.
B) labor productivity increases more rapidly than the real wage rate.
C) labor productivity has increased at the same rate as the real wage rate.
D) labor's share of national income is not affected by the relative growth rates of labor productivity and the real wage rate.
A
You might also like to view...
Refer to Figure 15-15. The profit-maximizing price is
A) P1. B) P2. C) P3. D) P4.
Ersatz Kreme will sell its filling to Hunky Donuts only if Hunky Donuts agrees not to buy filling from other suppliers. This is an example of:
a. price discrimination. b. exclusive dealing. c. a tying contract. d. interlocking directorates.
Which of the following is not one of the fundamental economic questions all societies must face? a. What goods and services are to be produced?
b. How goods and services are to be produced? c. Which goods and services are to be produced by the government? d. Who is to receive the goods and services produced in the society?
The problem that arises when one person performs a task on behalf of another person is called the lemons problem
a. True b. False Indicate whether the statement is true or false