The long-run trend of real wages:
A. cannot be determined from available data on nominal wages and the price level.
B. has been downward because the price level has risen faster than nominal wages.
C. has been upward.
D. has been downward because labor's share of the domestic income has fallen.
Answer: C
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Exhibit 30-2
?
A. It is the quantity of output at which marginal social benefits (MSB) equal marginal private benefits (MPB). B. It is the quantity of output at which MPB > MSB. C. It is the market output-the quantity of output that exists if the external benefits associated with the positive externality are not taken into account. D. It is the socially optimal output-the quantity of output that exists if the external benefits associated with the positive externality are taken into account. E. none of the above
Some financial institutions are classified as depository institutions based on: a. the way they acquire funds
b. the number of customers they have. c. the number of loans they make. d. the size of the loans they make. e. the amount of reserves they hold.
Since 1994 the number of people on the welfare rolls has
A. risen substantially. B. risen slightly. C. stayed about the same. D. fallen substantially.
Who is likely to complain to state regulatory authorities about unlicensed movers defrauding customers?
A) Consumer organizations B) Individual customers who are planning to move C) Individual customers who have already used unlicensed movers and have not been thoroughly satisfied D) Licensed movers E) Unlicensed movers