Because workers in the United States work fewer hours per week, on average, than they did over 100 years ago
A) GDP is lower than it would be if U.S. workers worked the same workweek they had 100 years ago.
B) workers in the United States are worse off than they were over 100 years ago.
C) GDP is higher than it would be if U.S. workers worked the same workweek they had 100 years ago.
D) workers in the United States earn less income than they did over 100 years ago.
A
Economics
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Refer to Table 12.1. The expected real rate of interest for Australia is
A) -1.4%. B) 1.4%. C) 6.9%. D) It cannot be determined from the information provided.
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Which of the following groups gain from international trade?
i. producers of exported goods ii. domestic consumers of imported goods iii. workers in exporting firms A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
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