Suppose you have worked at a local sandwich shop for six months and now you plan to ask your manager for a raise. How can you convince your manager that you are worth more money than you are currently being paid?
A) by convincing him that you are a dedicated worker and ready to take on more responsibilities at the shop
B) by explaining to him how difficult it is for you to save enough money to go to college
C) by demonstrating to your manager the marginal revenue product your employment contributes to the sandwich shop
D) by threatening to quit if he refuses to give you a raise
C
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According to the text, minimum-wage laws cause increases in
A) productivity. B) employment possibilities. C) poverty. D) structural unemployment.
Suppose a nation's real Gross Domestic Product (GDP) grows at a rate of 2 percent per year while its population grows 2 percent annually. Given this information, this nation's annual rate of per capita real GDP growth is equal to
A) 1 percent. B) -1 percent. C) 0 percent. D) 4 percent.