Unskilled workers first gained union representation under the Congress of Industrial Organization in 1935
Indicate whether the statement is true or false
T
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50% of the national income in an economy goes to labor. If this economy has a Cobb-Douglas production function, ________ of its national income should go to capital
A) 50% B) 15% C) 20% D) 30%
Explain the difference between discretionary and automatic fiscal policy. Provide examples of each
What will be an ideal response?
What makes the Lewis model a "development" model rather than a "growth" model? What insights on development can be derived from the model?
What will be an ideal response?
Refer to the information provided in Figure 20.5 below to answer the question(s) that follow.
Figure 20.5Refer to Figure 20.5. The domestic price of oil is $130 per barrel. This country imports 5 million barrels if the world price of oil is
A. $120. B. $125. C. $135. D. $140.