Which of the following services have experienced declines in relative prices due to productivity increases?
a. medical services
b. restaurant meals
c. theatrical performances
d. Internet access services
d
You might also like to view...
Explain why a firm may rationally make an investment when its cash flow from the investment is not positive each year
What will be an ideal response?
If leisure were an inferior good, then labor supply curves
a. would all be negatively sloped. b. would all be positively sloped. c. would all be vertical. d. could still be positively or negatively sloped.
A restaurant chain announces declining revenues. What's the name of the type of risk that this news raises for holders of this chain's bonds? What does this news to do the interest rate on this chain's bonds?
Economic rent is associated with
A. high wages. B. low wages. C. factory workers. D. agricultural workers.