What factors determine the differences in salaries, wages, and income that we observe?
What will be an ideal response?
Differences in wage and salary incomes across households result from differences in the characteristics of workers (skills, training, education, experience, and so on) and from differences in jobs (dangerous, exciting, glamorous, difficult, and so on). Household income also varies with the number of household members in the labor force, and it can decline sharply if members become unemployed.
Economics
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For health care, the perceived marginal benefit ________ the marginal social benefit
A) is less than B) is greater than C) is equal to D) cannot be compared to
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An increase in the price level in the United States will shift the aggregate expenditure line upward
Indicate whether the statement is true or false
Economics