Real wages of manufacturing workers
a. rose between 1860 and 1890, but then fell for much of the period until 1920.
b. remained fairly stable until 1900, but then rose between 1900 and 1914.
c. followed a general upward trend from 1860 through 1920.
d. exhibited dramatic periods of rise and fall between 1860 and 1920.
c. followed a general upward trend from 1860 through 1920.
You might also like to view...
According to the law of demand, consumers will
A) change their production plans when the price of a good changes. B) change their consumption plans when the price of a good changes. C) change their demand when the price of a good changes. D) increase their quantity demanded when the price of a good increases. E) decrease their quantity demanded when the price of a good decreases.
Competitive firms consider private costs, but disregard external costs, when making their economic decisions
a. True b. False Indicate whether the statement is true or false
SOEs refer to China's rapidly growing service sector
a. True b. False
Taylor spends all of her income on tank tops and running shoes, and the price of a pair of running shoes is four times the price of a tank top. In order to maximize total utility, Taylor should buy
a. four times as many tank tops as pairs of running shoes. b. four times as many pairs of running shoes as tank tops. c. both items until the marginal utility of a pair of running shoes is four times the marginal utility of a tank top. d. both items until the marginal utility of a tank top is four times the marginal utility of a pair of running shoes.