One trend in labor markets is:
A. decreasing wage inequality in the United States.
B. a decrease in average real wages in the United States and other industrial countries.
C. a slowdown in real wage growth in the United States since 1973.
D. weak rates of job creation in the United States since 1980.
Answer: C
You might also like to view...
Refer to the above figure. Profits will be positive
A) when the price equals $1. B) when the price equals $2. C) at prices between $1 and $2. D) when the price is above $2.
Velocity will be constant if the demand for money with respect to the interest rate is
A. elastic, but not perfectly elastic. B. perfectly elastic. C. perfectly inelastic. D. unitary elastic.
Which of the following will lead to a change in the opportunity cost of buying a pen and a pencil?
A) An increase in the consumer's income B) A decrease in the consumer's income C) A twofold increase in the prices of both pens and pencils D) A twofold increase in the price of pens and a threefold increase in the price of pencils
You are studying with a friend and your friend says, "Private goods are excludable and nonrival, while public goods are nonexcludable and rival." Do you agree?
What will be an ideal response?