Which of the following is the primary source of rapid growth in the real earnings of workers?
a. strong unions
b. government regulation of labor markets
c. rapid growth in worker productivity
d. increases in the minimum wage
C
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An increase in the price of a firm's output increases the firm's demand for labor because the
A) marginal product of each worker increases. B) value of marginal product of each worker increases. C) value of marginal product curve becomes steeper. D) value of marginal product curve becomes flatter.
The market structure in which there is interdependence among firms is
A) monopolistic competition. B) oligopoly. C) perfect competition. D) monopoly.
Less than 10% of two-parent poor families have interest or dividend income
Indicate whether the statement is true or false
Reserve requirements is the rate the Fed charges when it lends money to banks
Indicate whether the statement is true or false