From 1979 to 2011, which country had the lowest growth rate of GDP per hour of work?
a. Singapore
b. United States
c. France
d. Japan
b
Economics
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An efficiency wage is designed to
A) keep the minimum wage from falling. B) keep the minimum wage from rising. C) to induce more employment. D) decrease the need for workers to search for jobs. E) induce more work effort.
Economics
At that amount of output where diminishing marginal returns first sets in
A) total product will begin to decline. B) average product will begin to decline. C) marginal product will begin to decline. D) all of the above
Economics