One of the main tools used by economists to measure the actual distribution of income is
a. the Lorenz curve
b. the Golden Rule
c. the MR = MC rule
d. the MRP = MRC rule
e. the capital / labor ratio
A
Economics
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A graph shows the wages of factory workers. The slope of the line is positive for periods when the wage rate is
A) falling. B) rising. C) high but not rising any higher. D) low.
Economics
Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause
A) the labor force participation rate to decrease. B) the number of discouraged workers to increase. C) no change in the unemployment rate. D) the unemployment rate to decrease.
Economics