Which of the following is TRUE regarding the real wage rate? The real wage rate
I. is always greater than the money wage.
II. measures the quantity of goods and services an hour's work can buy.
A) only I
B) only II
C) both I and II
D) neither I nor II
B
Economics
You might also like to view...
An asset is considered liquid if it
A) can be used as a store of value. B) has a guaranteed rate of return. C) is indexed to the rate of inflation. D) acts as a medium of exchange. E) none of the above
Economics
In 2011, U.S. GDP totaled approximately:
a. $2.1 trillion b. $2.8 trillion c. $10.7 trillion d. $15.0 trillion
Economics