Income inequality has risen in recent years due to a rise in labor's share of national income as a result of globalization
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Damian owns a tattoo parlor and has hired three tattoo artists to work for him. The marginal product of labor is 8 for the first artist, 12 for the second artist, and 7 for the third artist
What is Damian's average product of labor for these three tattoo artists?
Economics
The argument that trade in high-tech equipment can facilitate the implementation of advanced military technology in countries that may become strategic opponents later on is the
A) national security argument. B) infant industry argument. C) protecting domestic jobs argument. D) environmental and safety argument.
Economics