Since about 1980,
a. production worker pay in the U.S. has grown faster than CEO pay
b. the typical U.S. CEO has come to earn more than the typical NBA basketball player
c. CEO pay in Europe has grown much faster than CEO pay in the U.S.
d. CEO pay in the U.S. has grown to a very large multiple of production worker pay
e. the ratio of CEO pay to production worker pay in the U.S. has not changed much, although both groups receive much high pay now
D
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If an undervalued currency is allowed to float:
A) its value will depreciate. B) its quantity supplied in exchange for the other currency will decrease. C) its quantity demanded in exchange for the other currency will increase. D) its value will appreciate.
When graphing the per worker production function, ________ is on the horizontal axis and ________ is on the vertical axis
A) labor; real GDP B) the capital stock; real GDP C) the capital-labor ratio; real GDP per worker D) capital per worker; the labor force
The equilibrium effects of a temporary increase in total factor productivity include
A) an increase in the real wage and an increase in the real interest rate. B) an increase in the real wage and a decrease in the real interest rate. C) a decrease in the real wage and an increase in the real interest rate. D) a decrease in the real wage and a decrease in the real interest rate.
The prices of stock traded on exchanges are determined by
a. the Corporate Stock Administration. b. the administrators of NASDAQ. c. the supply of, and demand for, the stock. d. All of the above are correct.