The average hourly wage (excluding benefits) in the United States is currently

a. $7.50
b. $9.95
c. $15.00
d. $20.00


d

Economics

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An identity is a relationship expressed in such a way that it is true by definition

a. True b. False Indicate whether the statement is true or false

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A market situation where a small number of sellers compose the entire industry is called

a. monopolistic competition. b. monopsony. c. monopoly. d. oligopoly.

Economics

A tax is regressive if it takes a

A. Smaller fraction of dollars as income falls. B. Larger number of dollars as income falls. C. Smaller fraction of dollars as income rises. D. Larger number of dollars as income rises.

Economics

Which of the following participants in the working of a firm are referred to as residual claimants?

A. entrepreneurs B. workers C. managers D. all of these

Economics