Which of the following is most likely to increase the market wage rate in a job category?
a. The work is widely viewed as safe and not stressful.
b. The job requires employees to move from city to city quite often.
c. The employer provides a generous pension plan.
d. The job is widely viewed as interesting and prestigious
b. The job requires employees to move from city to city quite often.
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If Healthy Crunch contractually requires distributors who purchase Healthy Crunch's snack bars to also purchase Healthy Crunch's breakfast cereal, this is an example of ________.
A) a tying arrangement B) exclusive dealing C) territorial confinement D) a requirements contract
To evaluate whether a society is better or worse off than a year before, you really want to look at changes in real GDP
Indicate whether the statement is true or false
Of the methods commonly employed to measure poverty and inequality, which offers the most widely used, but also the most misleading, statistic?
a. purchasing power parity b. poverty level c. average income d. cost of living
The marginal product of labor and the price of the output produced determine the:
A. worker mobility B. the demand for labor C. the price of labor D. the supply of labor