Firms consider the ________ wage when considering whether to hire additional units of labor

A) minimum B) real C) normal D) nominal

B

Economics

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A growth process whereby relatively poorer nations increase their income by taking advantage of knowledge and technologies already invented in other, technologically more advanced countries is referred to as:

A) trade-based growth. B) transfer growth. C) innovative growth. D) catch-up growth.

Economics

As more information is gather, the marginal cost of additional information ________ and the marginal benefit of additional information ________

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases

Economics