In most industries, deregulation has led to lower prices.
Answer the following statement true (T) or false (F)
True
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Because of market power, wages are higher under monopsony than under competitive conditions
Indicate whether the statement is true or false
If the rate of inflation is 5 percent and the real interest rate is 3 percent, the nominal interest rate should be
A) 1 percent. B) 2 percent. C) 8 percent. D) -2 percent.
The returns to education are:
A. lowest in developing nations. B. highest in developed nations. C. highest in developing nations. D. never reflected in the wages of workers.
To calculate GDP by the expenditure method, one must add
A) wages, rents, interest, and profits. B) consumption spending, investment spending, government purchases, and net exports. C) consumption spending, investment spending, government purchases, and exports. D) labor, natural resources, entrepreneurship, and capital.