Other things being equal, the wages of clerical workers would tend to decrease if there was an increase in:
A. The marginal revenue product of clerical workers
B. The minimum entry requirements for clerical work
C. The period of training required for clerical work
D. Nonmonetary benefits available to clerical workers
D. Nonmonetary benefits available to clerical workers
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If full-employment national income is Y = $1,500 billion and the current equilibrium national income is Y = $2,200 billion and MPC = 0.8, then to eliminate the ___________ you would have to _______________
a. recessionary gap; decrease aggregate expenditure by $140 billion b. inflationary gap; decrease aggregate expenditure by $140 billion c. recessionary gap; increase aggregate expenditure by $140 billion d. inflationary gap; decrease aggregate expenditure by $700 billion e. recessionary gap; decrease aggregate expenditure by $700 billion
Governments can deal with externalities through the use of
a. subsidies. b. taxes. c. price controls. d. All of the above are correct.
Refer to the graph shown. 
The top 20 percent of the families earn:
A. 67.4 percent of the income. B. 54.7 percent of the income. C. 32.6 percent of the income. D. 45.3 percent of the income.
What are the shortcomings or limitations of the “four-firm” concentration ratios?
What will be an ideal response?