A report indicated that the average real wage in manufacturing declined by 2% between 1990 and 2000. If the CPI equaled 1.30 in 1990, 1.69 in 2000, and the average nominal wage in manufacturing was $35 in 2000, what was the average nominal wage in manufacturing in 1990?

From the Hotelling rule, we would expect that a perfectly competitive industry selling an exhaustible resource would

A) sell more of it than a monopolist would in each period. B) sell it all at once. C) sell less of it than a monopolist would in each period. D) not sell it. E) not sell it unless interest rates were low.

Describe the history and consequent deepening as the European Union developed. Which treaties created which level of economic integration? Do countries have the ability to participate in some levels of integration and not others? Give specific examples

What will be an ideal response?