When a firm pays a wage that is higher than the market wage in order to increase worker? productivity, the wage is called

What will be an ideal response?


an efficiency wage

Economics

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When a bank buys a bond from the Fed

A) its liabilities decrease. B) its liabilities increase. C) its reserves initially increase. D) its reserves initially decrease.

Economics

According to the graph shown, if the market is in equilibrium, producer surplus is area:



A. A.
B. A + B + C.
C. A + B + C + D + E.
D. D + E.

Economics

A country that grows faster than the rest of the world should find its imports growing faster than its exports.

Answer the following statement true (T) or false (F)

Economics

Explain two strengths of monetary policy for achieving economic stability.

What will be an ideal response?

Economics