The typical relationship between a worker's productivity and the worker's wage rate is
A) high productivity workers receive low wage rates.
B) low productivity workers receive low wage rates.
C) no link between productivity and wages earned.
D) high productivity workers find that their jobs are often outsourced.
E) that workers with high productivity need to have their high wages protected by tariffs.
B
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What is marginal cost?
Economists dismiss the idea that lower tax rates can lead to higher tax revenue, because there is a consensus that the relevant elasticities of demand and supply are very low
a. True b. False Indicate whether the statement is true or false
As the dollar depreciates, the foreign price of United States goods _________________, ultimately shifting the United States AD curve _____________
A) rises; rightward B) rises; leftward C) falls; rightward D) falls; leftward
If price were regulated to be equal to long-run marginal cost, the firm in Figure 8.14 would be:
A. making a zero economic profit. B. losing money. C. making a positive economic profit. D. breaking even.