The historical reallocation of labor from agriculture to manufacturing in the United States has:
A. been inflationary.
B. had no effect on the average productivity of labor.
C. increased the average productivity of labor.
D. reduced the average productivity of
C. increased the average productivity of labor.
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The nominal wage is the wage rate adjusted for changes in the price level
Indicate whether the statement is true or false
In the above figure, point ________ shows an equal distribution of income, while point ________ shows an unequal distribution of income
A) a, b B) b, c C) b, a D) a, d
An increase in price causes exit from a constant-cost industry.
Answer the following statement true (T) or false (F)
A theory of taxation that states that ________ is the ability-to-pay principle.
A. taxpayers should contribute to the government in proportion to the benefits they receive from public expenditures B. taxpayers should contribute to the government in a smaller proportion than the benefits they receive from public expenditures C. taxpayers should contribute to the government in a greater proportion than the benefits they receive from public expenditures D. citizens should bear tax burdens in line with their ability to pay taxes