Wages that are higher than the current market wage:
A) reduce the cost of production of various goods. B) lower the aggregate price index.
C) dissuade workers from shirking. D) lower the productivity of workers.
C
Economics
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Marginal utility (MU) equals
a. ?P/?Q b. ?Q/?TU c. ?PQ/?TU d. ?TU/?P e. ?TU/?Q
Economics
The basic economic argument for greater income equality is that:
A. an equal distribution of income is the logical outcome of any tax-transfer program. B. because citizens enjoy political equality, they are also entitled to economic equality. C. a more equal distribution of income will tend to maximize incentives to work, invest, and assume risk. D. a more equal distribution of a given amount of income will increase the total utility of consumers.
Economics