Suppose you are seeking a real wage increase of 2% and you expect inflation to be 3%. What nominal wage increase should you seek?
a. 2.0%
b. 3.0%
c. 1.0%
d. 5.0%
e. 1.5%
D
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Government invention is required to solve externality problems if ________
A) transaction costs associated with private negotiations are low B) the number of people affected by the externality is small C) the number of people affected by the externality is large D) property rights are clearly defined
What is inverse dependency ratio? What does it mean for future worker productivity?
What will be an ideal response?
What happened during the Great Depression?
What will be an ideal response?
An example of a "missing" market would be:
A. the market to buy and sell children for adoption. B. the market to buy and sell a kidney. C. the market to buy and sell dates for a Friday night. D. All of these markets are missing.