Labor productivity has grown at almost the same rate each year over the last 40 years in the United States
Indicate whether the statement is true or false
FALSE
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If the money wage rate does not change, a decrease in the price level will ________ the real wage rate and ________ firms' profit
A) raise; increase B) lower; decrease C) lower; increase D) raise; decrease E) lower; not change
Economics is the study of how people make
A) subjective judgments. B) themselves worse off. C) money. D) choices.
Which of the following is true?
a. When the government undertakes an activity, we can be assured that all voters will gain. b. If a government activity is favored by most citizens, it must be productive. c. If most voters oppose a government activity, it must be counterproductive. d. When voters pay in proportion to benefits received, all voters will gain if the government activity is productive.
Under current legislation, Americans can place a fraction of their incomes into non-taxable, qualified college accounts. This policy the incentive to save for college education. (Fill in the blank)
What will be an ideal response?