Define labor standards as proposed by the ILO

What will be an ideal response?


Prohibition of forced labor, freedom of association, the right to organize and bargain collectively, an end to the exploitation of child labor, and nondiscrimination in employment

Economics

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Suppose that labor productivity in one economy is higher than it is in some other economy. Does that mean that the first economy is using its productive resources better than the second economy? Explain

What will be an ideal response?

Economics

Which of the following goods is the most liquid?

A. House B. Saving deposit C. Painting by Monet D. Antique sword from WWI

Economics

The money, time, and opportunity used to change prices to keep pace with inflation are called:

A. menu costs. B. shoe-leather costs. C. tax distortions. D. the velocity of inflation.

Economics

Money doesn't have to have any inherent value to function as a medium of exchange.

Answer the following statement true (T) or false (F)

Economics