All of the following describe trends in the labor markets of the industrialized world EXCEPT:
A. growing wage inequality.
B. substantial growth in real wages over the twentieth centaury
C. low rates of unemployment in Western Europe.
D. a slowdown in real wage growth since the 1970s.
Answer: C
You might also like to view...
"The price of compact fluorescent light bulbs fell because of improvements in production technology. As a result, the demand for incandescent light bulbs decreased
This caused the price of incandescent light bulbs to fall; as the price of incandescent light bulbs fell the demand for incandescent light bulbs decreased even further." Evaluate this statement. A) The statement is false because the demand for incandescent light bulbs would increase as the price of compact fluorescent light bulbs fell. B) The statement is false because it confuses the law of demand with the law of supply. C) The statement is false. A decrease in the price of compact fluorescent light bulbs would decrease the demand for incandescent light bulbs, but a decrease in the price of incandescent light bulbs would not cause the demand for incandescent light bulbs to decrease. D) The statement is false because compact fluorescent light bulbs producers would not reduce their prices as a result of improvements in technology; doing so would reduce their profits.
Median income is the:
A. in the level earned by the household exactly in the middle of the national income distribution. B. the total national income divided by the total number of households. C. the total national income divided by the total population. D. 50% of the top quintile level of income.
Total income received by households is called: a. national income
b. gross domestic product. c. personal income. d. gross national product.
Simple majority voting will generate the same result whether taxes are equally divided or unequally divided
Indicate whether the statement is true or false