The wages and salaries that people earn differ partly because of differences in:
A. Wealth
B. Ability
C. Social Security payments
D. In-kind transfer payments
B. Ability
You might also like to view...
The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
Which of the following increases labor productivity?
A) decreases in the availability of computers and factory buildings B) a decline in the health of the population C) inventions of new machinery, equipment, or software D) an increase in the aggregate hours of work
Consumer surplus is the difference between the worth of a commodity to the consumer and the price the consumer pays for the commodity
a. True b. False Indicate whether the statement is true or false
As of the year 2000, manufacturing, mining, and construction accounted for what percentage of total U.S. output?
A. 28 percent. B. 15 percent. C. 19 percent. D. None of the choices are correct.