Nominal monthly wages increase from $1,500 to $1,800 while the price of a car increases by 4%. The percentage change in real monthly wages (in terms of cars) is about
A. 14%
B. 12%
C. 10%
D. 16%
Answer: D
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Given the budget line in the above figure, what is the household's real income in terms of pizzas per month?
A) 5 pizzas per month B) 4 pizzas per month C) 3 pizzas per month D) All of above represent the household's real income.
Each month the Bureau of Labor Statistics (BLS) surveys __________ in order to report the number of jobs created.
a. about 140,000 households b. about 60,000 households c. about 140,000 businesses and government agencies d. about 60,000 businesses and government agencies
Persistent wage differentials in the U.S. can best be explained by
a. increased immigration of both skilled and unskilled workers b. increased labor-force mobility among the states c. the existence of noncompeting labor markets d. the existence of backward-bending labor supply curves e. the increasing competitiveness of firms in labor markets
Which of the following items are labor costs related to a sign business?
a. salaries and benefits paid to employees b. materials on which the signs are printed c. equipment used to print and cut the signs d. design software used to layout the signs