Waiters, barbers, and bellhops are paid primarily through tips because
a. managers can easily assess their productivity
b. managers are better at judging their productivity than are consumers
c. consumers can judge their productivity easily
d. it's always been done that way
e. union regulations require this form of payment
C
Economics
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In 2008, the nominal minimum wage rate was $7.25 an hour and the CPI was 200. The real minimum wage rate in 2008 was
A) $3.63 an hour. B) $14.50 an hour. C) $1450 an hour. D) $26.32 an hour. E) $7.25 an hour.
Economics
The table gives data on the production and prices in a small economy. Use 2012 as the base period. Using the chained-price method, what is the growth rate of real GDP from 2012 to 2013?
What will be an ideal response?
Economics