The weight of empirical evidence suggests that in the United States, the real wage rate is
A) acyclical.
B) bicyclical.
C) procyclical.
D) countercyclical.
C
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All of the following are intangible except: a. health
b. love. c. computer programming expertise. d. All of the above are intangible goods.
All persons over age 16 who are either working for pay or actively seeking paid employment refers to:
A. Per capita GDP. B. The labor force. C. The unemployment rate. D. The CPI.
Refer to the diagram. At the profit-maximizing output, total profit is:
A. efbc.
B. fgab.
C. egac.
D. 0fbn.
The given data indicate that production in:
Answer the question on the basis of the following production possibilities tables for two countries, Latalia and Trombonia:
A. both Latalia and Trombonia is subject to constant opportunity costs.
B. Trombonia is subject to decreasing costs, but production in Latalia occurs under increasing
opportunity costs.
C. Latalia is subject to increasing costs, but production in Trombonia occurs under constant
opportunity costs.
D. both Latalia and Trombonia are subject to the law of increasing opportunity costs.