The real wage will rise if the nominal wage:
A. falls more rapidly than the general price level.
B. increases at the same rate as labor productivity.
C. increases more rapidly than the general price level.
D. falls at the same rate as the general price level.
Answer: C
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Which of the following would NOT be a way to increase the return on equity?
A) Buy back bank stock. B) Pay higher dividends. C) Acquire new funds by selling negotiable CDs and increase assets with them. D) Sell more bank stock.
Which type of financial intermediary is NOT considered a "thrift institution"?
A) commercial banks B) savings-and-loans C) mutual savings banks D) credit unions
?Kites /hourSnowboards /hourJesse81April123
Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.2 shows how much of each good Jesse and April can paint in one hour. Which of the following is true?
A. Jesse has an absolute advantage in painting kites but not snowboards. B. Jesse has an absolute advantage in painting snowboards but not kites. C. Jesse has an absolute advantage in painting both goods. D. Jesse has an absolute advantage in painting neither good.
The successor organization to GATT, created in 1995, is the
A) WTO. B) EU. C) NAFTA. D) FDIC.