A feedback from low real wages to low productivity could be caused by
A) an increase in the labor force caused by more immigration.
B) a reduction in the power of labor unions.
C) a reduction in the real minimum wage.
D) increased worker anxiety about job security.
E) all of the above.
E
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Medicare
A) subsidizes the care of older people, which gives them NO incentive to consume more medical services. B) subsidizes the care of older people, which gives them an incentive to consume more medical services. C) subsidizes the care of young people, which gives them an incentive to consume less medical services. D) subsidizes the care of middle aged people, which gives them an incentive to consume more medical services.
Economists attribute the high Gini coefficients among less-developed countries primarily to their
a. predominantly agricultural economies b. unstable political systems c. inadequate transportation systems d. large untapped natural resources e. proximity to industrial economies