Multiple Choice
Over the past one hundred years,
A) wages rates have decreased,but nonlabor income has increased.
B) wages have increased,but nonlabor income has decreased.
C) both wages and nonlabor income have increased.
D) both wages and nonlabor income have decreased.
Correct Answer:
Verified
Correct Answer:
Verified
Q56: Suppose a permanent technological improvement raises labor's
Q57: Consider the indifference curve-budget line model of
Q58: Suppose Afghanistan receives monthly gifts of food
Q59: When an increase in marginal productivity increases
Q60: The major reason education leads to higher
Q62: A technological improvement that is permanent is
Q63: In the indifference curve-budget line model of
Q64: When the wage rate rises,the substitution effect
Q65: If a worker has chosen a quantity
Q66: When does a higher wage rate lead