Two workers are employed in the same job by the same firm; however, they are paid different wage rates. This could be explained by differences in

a. the income effect
b. the price of the firm's output
c. their marginal products due to differences in ability
d. working conditions
e. risk


C

Economics

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Suppose you purchase a new home for $75,000, making a down payment of 20% and taking out a mortgage on the balance

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If the U.S. government decided to pay off the national debt by creating money, what would be the most likely effect?

a. a substantial reduction in real GDP b. a deflationary collapse c. rapid inflation d. an increase in the trade surplus

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Which of the following statements is true of spurious regressions?

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Economics