Which of the following is the primary source of rapid growth in the real earnings of workers?
a. increases in the minimum wage
b. government regulation of labor markets
c. strong unions
d. rapid growth in worker productivit
d. rapid growth in worker productivit
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Consider an investment with the following payoffs and probabilities: State of the Economy Probability Return Stability .50 1,000 Good Growth .50 2,000 Determine the expected return for this investment
a. 1,300 b. 1,500 c. 1,700 d. 2,000 e. 3,000
Which of the following might lead a nation to engage in international trade? a. Differences in natural endowments such as climate. b. Differences in skills of the labor force
c. Differences in endowments of natural resources. d. All of the above.
Government purchases have the same multiplier effect as business investment spending
a. True b. False Indicate whether the statement is true or false
Demand deposits are included in
A. M2. B. M1. C. neither M1 nor M2. D. both M1 and M2.