1169EconomicsMedium
Which of the following is not a reason why some workers are paid above the equilibrium wage?
Aefficiency wages
Bbeauty
Cminimum-wage laws
Dunions
Correct answer
B. beauty
Explanation
The correct answer is beauty.
Correct answer
B. beauty
Explanation
The correct answer is beauty.
The following statements are true about informal sector except?
If marginal benefit is greater than marginal cost, a rational choice involves?
Reform movements________?
Stagflation occurs when the economy experiences?
Capital flight?
Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A?