National income is defined as
a. the total income of a nation's permanent residents minus losses from depreciation.
b. the income that households and noncorporate businesses receive.
c. the total income earned by a nation's permanent residents in the production of goods and services.
d. the income that households and noncorporate businesses have left after satisfying all their obligations to the government.
c
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When the profits of firms that produce import-competing goods and services fall, these firms ________ their workforce, unemployment in these industries ________, and wages ________
A) cut; decreases; rise B) cut; decreases; fall C) cut; increases; fall D) expand; increases; rise E) cut; increases; rise
Which of the following efficiency wage models centers on the morale of a firm's workers? The
a. shirking model. b. gift exchange model. c. turnover model. d. None of the above