The real wage is equal to the _____
Fill in the blank(s) with the appropriate word(s).
wage measured in terms of the quantity of goods and services it buys.
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Assume that the characteristic functions for individuals 1,2, and 3 are given by V(1) = $20, V(2) = $16, and V(3) = $10 respectively, and value created by the coalition V(1,2,3) = $60 . If the payoff to individual 1 is $30, and that to individuals 2 and 3 is $15 each, which of the following statements is true?
a. The given allocation is within the core. b. 2 and 3 will withdraw from the coalition. c. 2 will block the imputation. d. This allocation is individually rational for all.
Based on the graph for saving incentives, a tax law change encouraging saving would shift the ______.
a. loanable funds supply curve to the left
b. loanable funds supply curve to the right
c. loanable funds demand curve to the left
d. loanable funds demand curve to the right