Rising wages can be explained by which of the following?
A. Labor supply is highly sensitive to changes in labor productivity.
B. Labor demand increases more rapidly than labor supply.
C. Labor demand is stable and predictable.
D. Labor supply increases more rapidly than labor demand.
Answer: B
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"In the long run, there are no fixed costs.". Explain the statement
Each of these statements is true except
A. Female-headed black families with children under 18 have a poverty rate of almost 47%. B. Female-headed white families with children under 18 have a poverty rate of almost 35%. C. All families receiving public assistance are poor. D. All poor families receive public assistance.
The British economist A. C. Pigou did not do which of the following?
A. Write The Economics of Welfare in 1911 B. Offer an explanation of the market economy’s poor environmental performance C. Outline an approach to environmental policy still in favor with economists today D. Suggest that increases in the human population would ultimately lead to the collapse of renewable resources
To realize it's potential, a nation must have a mechanism that channels capital into _____-____ _____
Fill in the blank(s) with the appropriate word(s).