An increase in nominal U.S. GDP necessarily implies that the United States is producing a larger output of goods and services
a. True
b. False
Indicate whether the statement is true or false
False
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Comparable worth advocates have proposed that employers be required by law to pay wage rates equal to the value of the job. The most telling objection to this proposal is that
A) employers will probably resist strenuously and successfully. B) it is in the interest of employers to adjust their hiring so as to make the value of the job equal to the wage rate that must be paid. C) the government has no legal authority to set wage rates in the private sector. D) this would leave little or nothing for profits.
Permanent income refers to the average level of a person's expected future income stream.
Answer the following statement true (T) or false (F)
In the United States in 2012, the number of new, diagnosed diabetes cases was lowest for people in the age range of ________, and the rate of new diabetes cases per 1,000 people was lowest for people in the age range of ________
A) 65 and older; 20-44 B) 20-44; 20-44 C) 45-64; 65 and older D) 45-64; 45-64
A change in an equilibrium price can result from I. A change in demand II. A change in supply
A) I only B) II only C) Both I and II D) Neither I nor II