The idea that individuals who work for companies should receive at least an equitable hourly income is known as
A. economic income.
B. minimum wage.
C. compensating differential.
D. transfer payment.
Answer: B
You might also like to view...
Use the following figure showing the domestic demand and supply curves for product B in a hypothetical economy to answer the next question.
After trade, at a world price of Pw, the net loss of consumer surplus equals area(s)
A. A + B + C. B. B + C. C. A + B + C + D. D. A.
Empirical evidence suggests that money is not always neutral, which is consistent with
a. an equilibrium business-cycle model. b. a price-misperceptions model. c. a real business-cycle model. d. a wage-imperfections model.
A conglomerate merger:
A. can extend the line of products sold, extend the territories in which products are sold, or combine totally unrelated products. B. is defined as a merger involving two firms that previously had a buyer-seller relationship. C. is defined as a merger involving two firms producing the same or similar products and selling them in the same geographical market. D. is illegal, per se.
Real income can be determined by:
A. dividing the price level by nominal income. B. inflating nominal income for inflation. C. dividing the annual rate of inflation into the number "70." D. deflating nominal income for inflation.