Wage differences can be explained by all of the following except
A) economic discrimination. B) differences in marginal revenue products.
C) compensating differentials. D) comparable worth.
D
Economics
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In which system are decisions made by thousands of people who have information about resources, production technology and consumer desires?
A) market system B) socialist system C) centrally planned system D) command system
Economics
In a perfectly competitive market
A) buyers are price-takers. B) buyers view products from different firms as differentiated. C) individual buyers have horizontal demand curves. D) firms' demand curves are vertical.
Economics