Which of the following would be primarily determined in the resource markets?
A. The airfares charged by airlines for family vacations
B. The wage rates for computer programmers and engineers
C. The number of home-internet connections installed
D. The amount of money in circulation issued by the government
Answer: B
You might also like to view...
The AD curve is:
A. the combination of money and velocity growth rates that add up to a constant amount. B. the combination of inflation rates and real growth rates that add up to a constant amount. C. vertical at the economy's long-run real GDP growth rate. D. horizontal at the economy's long-run inflation rate.
Government is a social institution
A) in which people do not engage in competition. B) in which the public interest, rather than private interests, guide individual behavior. C) whose behavior is determined by individuals' perceptions of marginal costs and marginal benefits. D) whose detailed actions are governed by the will of the majority.