During World War I (1914–18), hourly wages

(a) decreased in nominal and real terms.
(b) increased in nominal and real terms.
(c) increased in nominal terms but decreased in real terms.
(d) decreased in nominal terms but increased in real terms.

(c)

Economics

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The market for U.S. cars was impacted significantly by consumers' options to buy which of the following?

(a) Used cars (b) New cars produced by U.S. producers (c) New cars produced by foreign producers (d) All of the above

Economics

The theory of land rent holds that

a. all plots of land are identical. b. all land yields a positive rent return. c. rent on any piece of land will equal the difference between the cost of producing the output on that land and the cost of producing it on marginal land. d. competition for superior plots of land will force the rent on those lands to a marginal return of zero.

Economics