The real wage denotes
A) the number of units of consumption goods that can be exchanged for one unit of labor time.
B) the number of units of labor time that can be exchanged for one unit of consumption goods.
C) the number of units of labor time that can be exchanged for one unit of leisure time.
D) the number of units of leisure time that can be exchanged for one unit of labor time.
A
You might also like to view...
For a single-price monopolist, marginal revenue falls faster than price (as output rises) because
A) the firm has no supply curve. B) in order to sell additional units, the price must be lowered on all units. C) the cost of producing extra units of output increases as production is increased. D) profits are maximized when marginal cost equals marginal revenue. E) none of the above — marginal revenue does not fall faster than price.
The shortest term security sold by the US is the:
A. Treasury bonds. B. Treasury notes. C. certificate of deposit. D. Treasury bills.