The main reason for the decline in real wages in the 1970s and 1980s was
A. our high rate of productivity growth.
B. our low rate of productivity growth.
C. that so many housewives joined the labor force.
D. people couldn't find jobs.
B. our low rate of productivity growth.
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Use the table below to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product0015220332442550655758858956With the addition of the second unit of input, the marginal product is ________ and the average product is ________.
A. 10; 15 B. 15; 20 C. 25; 10 D. 15; 10
An M-form of organization is exploiting functional business areas
Indicate whether the statement is true or false
An example of an intermediate good would be:
A. a bag of Uncle Ben's rice sold to consumers. B. the rice used to make Chex cereal. C. a bag of Quaker's rice cakes sold to consumers. D. All of these are intermediate goods
The largest revenue source in the U.S. federal tax system is the corporate income tax
a. True b. False Indicate whether the statement is true or false