The measured distribution of income today appears more unequal than in the 1950s partly because of:
a. an increase in the rate of divorce
b. an increase in the number of two-income families.
c. a reduction in the divorce rate.
d. both (a) and (b).
d
Economics
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In the classical model, an increasing demand for labor will
a. cause an expansion with higher employment and a higher real wage. b. cause a shortage of labor because the labor market always clears. c. cause a recession with lower employment and a lower real wage. d. cause a recession because wages are fixed in the short run. e. cause an expansion with lower employment and a higher real wage.
Economics
The WTO functions as:
A. The enforcer of trade rules for the world. B. An international informant on terrorism. C. An international weapons inspector. D. The international authority on currency exchange.
Economics