Using the marginal product theory of wages, a worker's "real" wage is:
a. twice the amount of the "money" wage.
b. what the "money" wage will purchase in terms of products.
c. what she earns after taxes.
d. what she would earn if her employer paid her fairly.
Ans: b. what the "money" wage will purchase in terms of products.
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The purchase of less than 10 percent of the shares of ownership in a foreign company is referred to as a
A) negligible investment. B) foreign indirect investment. C) foreign direct investment. D) portfolio investment.
If the economy slips into recession, the Fed ________ the federal funds rate, which ________ the short-term interest rate, and ________ the quantity of money
A) lowers; lowers; decreases B) raises; lowers; increases C) raises; lowers; decreases D) lowers; lowers; increases E) lowers; raises; increases