Economists note that over most periods, the inflation level in prices is roughly similar to the inflation level in wages, and so they reason that on average, over time, people's economic status is not greatly changed by inflation

What are the main forms through which foreign capital flows into LDCs? Discuss the evolution of the various forms across the last decade

What will be an ideal response?

Refer to the above table. Suppose the firm hires 5 workers and the price of the good sold is $3. The marginal factor cost of labor must be

A) $3. B) $100. C) $300. D) $900.