The so-called 90-10 ratio (the hourly wage at the 90th percentile compared to that at the 10th percentile) was roughly how much in 2007?
A. 2.5
B. 4.5
C. 8.0
D. 10.5
B. 4.5
You might also like to view...
If Ernie's individual labor supply curve is upward sloping, then Ernie responds to an increase in the
a. wage by working more hours per week. b. opportunity cost of leisure by working fewer hours per week. c. opportunity cost of leisure by taking more hours of leisure per week. d. Both a and b are correct.
On average, globalization has:
A. been insignificant. B. benefited Americans. C. left Americans no better or not worse off. D. hurt Americans.
If the AD curve shifts rightward while the AS curve and potential GDP don't change, then
A) there will be no change in real GDP, so the economy is at the trough of the cycle. B) the expansion phase of the business cycle occurs. C) there will be no change in real GDP, so the economy is at the peak of the cycle. D) the economy will move from a peak into recession. E) real GDP does not change.
If the United States produces the same level of output each year instead of increasing it,
a. the unemployment rate will rise. b. the unemployment rate will remain unchanged. c. the unemployment rate will fall. d. there will be full employment.