To ensure that your salary maintains its real purchasing power from year to year, your nominal salary must be:

Refer to Figure 2-6. If the economy is currently producing at point A, what is the opportunity cost of moving to point B?

A) 6 thousand hammers B) 30 thousand wrenches C) 23 thousand hammers D) 8 thousand wrenches

During war, the remuneration and other benefits provided to soldiers increased substantially to attract young individuals from different private security jobs to the armed forces. This wage differential was created by: a. a labor union

b. efficiency wages. c. labor shortages. d. discrimination.