The proportion of income which is earned in the form of wages for labor is currently about

Fluctuations in the current account balance are mainly the result of fluctuations in

A) net interest. B) net exports. C) foreign reserves. D) net transfers. E) imports of capital.

Refer to Figure 15-12. If this industry was organized as a perfectly competitive industry, the market output and market price would be

A) output = 83; price = $22. B) output = 62; price = $18. C) output = 62; price = $24. D) output = 104; price = $20.80.