If you regularly spend $100 a month on gasoline and the price of gasoline doubles, your purchasing power has
A) increased.
B) remained constant.
C) became stable.
D) decreased.
Answer: D
Economics
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Higher relative wages for labor tends to
A) increase the supply of labor. B) decrease the demand for labor. C) encourage firms to find substitutes, such as automation. D) accomplish all of the above.
Economics
Refer to Table 11-7. Consider the statistics in the table above in describing the following industrialized and developing countries. Are these consistent with the economic growth model? Briefly explain
What will be an ideal response?
Economics