Which of the following factors does not affect the value of a worker's marginal product?
a. discrimination against a particular group of workers by a firm's customers
b. a worker's level of disposable income
c. a worker's level of human capital
d. compensating wage differentials
b
You might also like to view...
What does it mean for a good to be nonexcludable?
What will be an ideal response?
Under fixed exchange rate, the response of an economy to a temporary fall in foreign demand for its exports is
A) the currency appreciates, and output falls. B) the currency depreciates, and output falls. C) the currency remains the same, and output decreases. D) the currency depreciates, and output remains constant. E) the currency appreciates, and output remains the same.
What is Real Business Cycle Theory? What drives business cycles in this model? Where do these shocks come from?
What will be an ideal response?
How can tariffs lead to a situation in which all parties to a trade lose?
What will be an ideal response?