All of the following describe trends in U.S. labor markets except:
A. a slowdown in real wage growth since the 1970s.
B. substantial growth in real ages during the last century.
C. substantial growth in the level of employment in the United States.
D. growing wage equality in the United States in recent decades.
Answer: D
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Which of the following countries has the largest projected net debt as a percentage of their GDP for 2016? a. Japan b. The U.S
c. Germany d. Italy e. Australia
If the price rises and the total amount consumers spend on the good falls to zero, then demand must be
A. perfectly elastic. B. elastic. C. perfectly inelastic. D. inelastic.
The diagram suggests that:
A. when marginal product is zero, total product is at a minimum.
B. when marginal product lies above average product, average product is rising.
C. when marginal product lies below average product, average product is rising.
D. when total product is at a maximum, so are marginal product and average product.
In the figure above, Gap's economic ________ is ________
A) loss; $8,000 B) loss; $13,000 C) profit; $7,200 D) profit; $13,000