Which of the following did NOT contribute to the European experience of the past few decades where the stand of living rose more slowly than labor productivity?
A) longer vacations
B) higher unemployment
C) higher participation rates
D) All of the above
C
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Explain why the United States dollar became the postwar world's key currency
What will be an ideal response?
Economies of scope exist when it is less expensive to produce two or more product lines in a single firm than it is to produce them separately
a. True b. False
Which of the following will result in a leftward shift of the market supply curve for labor?
a. an increase in immigration b. a decrease in labor productivity c. an increase in the working-age population d. an increase in nonwage income
What is the poverty trap?
a. When a person stays in poverty for their entire life b. When there is generational poverty, so children do see a working role model c. When a person loses government assistance equal to their gain in income from working d. When a person cannot find a job in their neighborhood