The ________ measures a worker's earnings in current dollars, or the amount on a worker's paycheck, while the ________ measures the wage in constant dollars, or the purchasing power of the worker's earnings

Contingency fees

a. are illegal in many countries. b. are calculated as a percentage of the total damage award. c. are similar to punitive damages. d. according to some reformers, should be increased to discourage further lawsuits. b. both a and b.

A firm that sells its output and hires its labor in perfectly competitive markets

a. controls the price of its output, but accepts the wage rate it pays as given b. controls both the price of its output and the wage rate it pays c. controls the rate it pays, but accepts the price of its output as given d. accepts both the price of its output and the wage rate it pays as given e. controls the price of its output, the wage rate it pays, and its own output level