If wage rates are lower in Mexico than in Germany, labor costs per unit of output can still be higher in Mexico
a. True
b. False
A
Economics
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If a country had a real GDP of $500 million, and the GDP deflator was110, what is the nominal GDP?
a. $440 million b. $540 million c. $450 million d. $550 billion
Economics
There are how many members of the Federal Open Market Committee?
A) 15 B) 14 C) 12 D) 7 E) 5
Economics
If M is $400, P is $4, and Q is 300, then V must be:
A. 1.33. B. 3. C. 5.33. D. 100.
Economics
If a competitive firm is in short-run equilibrium, then
A) profits equal zero. B) it will not operate at a loss. C) an increase in its fixed cost will have no effect on profit. D) an increase in its fixed cost will have no effect on output.
Economics