As long as wage increases do not exceed labor productivity growth rates, a stable price level should be the result
a. True
b. False
Indicate whether the statement is true or false
True
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Mexico has lower wages than the United States. Does this necessarily mean that it will have a comparative advantage in the production of everything compared to the United States?
What will be an ideal response?
The marginal revenue that would be derived from producing a fourth unit of output is
A. $20.
B. $16.
C. $12.
D. $8.
Time is up in a qualifying call. You measure success of the call by all the following except:
A. Closed on an objections handling call. B. Understand their financial process C. Identified client's needs and wants D. You've improved your understanding of the client's operation
When a price ceiling which had been set below equilibrium price is removed, what happens next?
A. quantity supplied rises B. quantity demanded rises C. supply rises D. demand rises