One trend in labor markets is:
A. a slowdown in real wage growth in the United States since 1973.
B. decreasing wage inequality in the United States.
C. a decrease in average real wages in the United States and other industrial countries.
D. weak rates of job creation in the United States since 1980.
Answer: A
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A geographic region in which the benefits of having a common currency exceed the costs is
A) an optimum currency area. B) an exchange-rate mechanism. C) a currency board area. D) a common currency area.
Market structure is determined by the
a. volume of discounts, the quantity of foreign exchange, and the effects of Federal Reserve policy b. influence of government policy, the number of qualified buyers, and the effect of generally accepted accounting principles c. number of buyers and sellers, whether the product is standardized, whether there is free entry and exit, and how well informed the buyers and sellers are about the market d. volume of discounts, the effect of generally accepted accounting principles, and Federal Reserve policy e. influence of government policy, the quantity of foreign exchange, and the effects of Federal Reserve policy