What is the economic criterion most often used to compare living standards among countries?
a. real GDP
b. unemployment rate
c. incidence of AIDS
d. rate of population growth
e. real per capita GDP
E
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When judging the competitiveness of markets by the size and number of firms in that market, one is using the:
A. "judgment by antitrust" criteria. B. "judgment by structure" criteria. C. "judgment by performance" criteria. D. "judgment by merger" criteria.
Employees with less experience tend to earn less than employees with more experience, because
A. experience is a compensating differential. B. the government requires that more-experienced employees be paid more than less-experienced employees. C. experience on the job increases an employee's human capital. D. it is only fair that a more-experienced employee be paid more than a less-experienced employee.