A classic early example of efficiency wages came in ________
A) Nazi Germany
B) 1973 with the increase in OPEC-determined oil prices
C) 1914 at the Ford Motor Company
D) 1890 with the Sherman Antitrust Act
C
Economics
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If real GDP is $11,750 billion and aggregate hours are 175 billion, labor productivity equals
A) $23.50 per hour. B) $52 per hour. C) $67 per hour. D) $235 per hour.
Economics
Neoclassical growth theory is based on the proposition that real GDP per person grows when
A) the population growth rate increases. B) the population growth rate decreases. C) technological advances occur. D) saving decreases.
Economics