Which component of employee compensation has grown most rapidly in recent decades?

Capital per person k is higher in Japan than in the United States. As a result ________

A) per capita income is higher in Japan B) total factor productivity is higher in Japan C) the marginal product of capital is higher in Japan D) all of the above E) none of the above

Because of their brand names, Kodak, IBM, Honda, Daimler-Chrysler, and other well-known firms are able to charge significantly higher prices for their products than their competitors without losing any business. Expenditures made by firms to create brand names:

a. are always inefficient. b. provide reliability to consumers. c. lead to monopolies. d. necessarily lead to deadweight losses. e. would not exist if information was less costly for firms to obtain than consumers.