The wage gap between skilled and unskilled worker has
a. risen; economists argue that this may be due in part to technological progress.
b. risen; economists argue that none of the rise is due to technological progress.
c. fallen; economists argue that this may be due in part to technological progress.
d. fallen; economists argue that none of the fall is due to technological progress.
a
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E&S Cooling Co installs air conditioning systems in new houses for homebuilders, and replacement systems for homeowners. Sales of which systems are included in this year's GDP?
a. Sales of replacement systems b. Sales of both systems c. Sales of systems in new houses d. Neither system would be included, because they are always intermediate goods.
when aggregate expenditure is more than GDP firms spent less on capital goods than they planned
a. true b. false
You like to sleep until 9:00 am during the semester. What is the opportunity cost of attending an 8:00 am class?
A. sleep B. obtaining the notes from the 8:00 am class C. the credit hours earned from the 8:00 am class D. nothing, since you can go back to bed later