In long-term job attachments, a worker's wage:
a. always exceeds his productivity.
b. always falls below his productivity.
c. is lower than his productivity at the beginning, then equals it, and then exceeds the same.
d. is higher than his productivity at the beginning, then equals it, and then falls below the same.
C
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By definition, economics is the study of
A) how to make money in a market economy. B) the choices people make to attain their goals, given their scarce resources. C) how to make money in the stock market. D) supply and demand.
The switch from AFDC to TANF took place in
A. 1937. B. 1986. C. 1996. D. 1998.
Intervention to defend a fixed exchange rate can magnify the transmission of a foreign recession into an economy.
Answer the following statement true (T) or false (F)
In the long run, which of the following is considered a variable cost?
A) Expenditures for wages B) Expenditures for research and development C) Expenditures for raw materials D) Expenditures for capital machinery and equipment E) all of the above