Long-run real wages in the United States have:
A. risen because growth in the demand for labor has exceeded growth in the supply of labor.
B. risen because the supply of labor has fallen over time.
C. fallen because growth in the supply of labor has exceeded growth in the demand for labor.
D. fallen because the demand for labor has fallen over time.
Answer: A
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Initially the Constitution:
a. empowered each state to negotiate its own treaties with foreign governments. b. provided for each slave to be counted as 1 person in determining a state's membership in the House of Representatives. c. gave the federal government the exclusive power to coin money. d. allowed states to set tariffs on goods imported from another state. e. All of the above.
If the annual interest rate is 5 percent,
a. $100 saved today will be worth $105 after one year b. $90 saved today will be worth $100 after one year c. $100 saved today will be worth $5 after one year d. $99 saved today will be worth $100 after one year e. $100 saved today will be worth $1,000 after one year
One of the most famous cartels is OPEC.
Answer the following statement true (T) or false (F)
How does a network externality serve as a barrier to entry? Is this barrier surmountable? Explain
What will be an ideal response?