Which of the following observations concerning labor cost patterns over the last century is true?
a. Average real wages started rising after 1973.
b. Hourly compensation rates have fallen dramatically.
c. Compensation growth slowed markedly.
d. Average hours worked per week have increased by almost 50 percent.
c
Economics
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Perfectly competitive markets tend to have a ______ number of sellers and a(n) ______ entry.
a. large; easy b. large; difficult c. small; easy d. small; difficult
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Economists have not found a way to predict when recessions will begin and end
Indicate whether the statement is true or false
Economics