In the past 10 years or so, average real wages of U.S. workers in non agricultural industries have
a. increased about 40 percent.
b. increased slightly.
c. remained about the same.
d. declined.
b. increased slightly.
You might also like to view...
Demand deposits have a ________ maturity
A) 1-year B) 3-year C) 2-year D) 0-year
New Keynesian theory differs from new classical theory in that New Keynesian theory assumes that wages and prices are not completely flexible in the short-run, while fully flexible wages and prices are an assumption of new classical theory
Indicate whether the statement is true or false
An increase in the marginal factor cost of labor will
A) lead to an increase in the quantity demanded of labor. B) induce a firm to hire fewer workers. C) lead to an increase in the value of an additional worker. D) cause the value of the marginal product of labor to increase.
In the 1973 movie Save the Tiger, Jack Lemmon plays Harry Stoner, the CEO of a clothing manufacturer whose business has fallen on hard times. In one of the key scenes of the movie, Stoner tries to convince his partner that they should hire someone to
burn one of their buildings in order to collect on their insurance policy. Harry Stoner's actions are an example of A) adverse selection. B) moral hazard. C) self-interest. D) asymmetric information.