What is the primary source of higher real wages?
a. labor unions
b. the threat of a strike by a union
c. increases in productivity
d. increases in the supply of money
C
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According to Utilitarian principles first discussed in the nineteenth century, fairness implies
A) equality of income. B) equality of opportunity. C) winner takes all. D) maximizing consumption.
If you invest in a foreign company by buying 28 percent of its shares of stock, you have engaged in
A) portfolio investment. B) moral hazard. C) foreign direct investment. D) adverse selection.
Discuss the relationship between U.S. competitiveness relative to other countries and standards of living in the United States
What will be an ideal response?
Property rights are protected by
A. rivalry and excludability. B. bargaining and negotiation. C. taxes and subsidies. D. injunctions and liability rules.