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B increased by 2 percent c increased by 3 percent d

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decreased by 2 percent. B. increased by 2 percent. C. increased by 3 percent. D. increased by 8 percent. AACSB: Analytical Skills Blooms: Application Learning Objective: 13-1 McConnell - Chapter 13 #3 Topic: Real and nominal wage rates; trends 4. Over the long run, real earnings per worker can increase only at about the same rate as the economy's rate of growth of: A. total output. B. stock of capital. C. output per worker. D. international trade. AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-1 McConnell - Chapter 13 #4 Topic: Real and nominal wage rates; trends 5. Increases in the productivity of labor result partly from: A. the law of diminishing returns. B. improvements in technology. C. reductions in wage rates. D. increases in the quantity of labor. AACSB: Analytical Skills Blooms: Understanding Learning Objective: 13-1 McConnell - Chapter 13 #5 Topic: Real and nominal wage rates; trends
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6. Real wages in the United States are: A. the highest in the world. B. relatively high, but not as high as in some other industrially advanced nations. C. much higher than output per worker. D. higher than nominal wages. AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-1 McConnell - Chapter 13 #6 Topic: Real and nominal wage rates; trends 7. According to international comparisons, which nation had the highest hourly wages in U.S. dollar terms in 2006? A. United States B. Germany C. Denmark D. Sweden AACSB: Reflective Thinking Skills Blooms: Knowledge Learning Objective: 13-1 McConnell - Chapter 13 #7 Status: New Topic: Real and nominal wage rates; trends 8. The real wage will rise if the nominal wage: A. falls more rapidly than the general price level. B. increases at the same rate as labor productivity. C. increases more rapidly than the general price level. D. falls at the same rate as the general price level. AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-1 McConnell - Chapter 13 #8 Topic: Real and nominal wage rates; trends 9. Which of the following is correct ? A. The nominal wage may fall, but the real wage can never decline. B. The real wage may fall, but the nominal wage can never decline. C. Both the nominal and the real wage must always rise. D. The nominal and the real wage may both fall. AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-1 McConnell - Chapter 13 #9 Topic: Real and nominal wage rates; trends 10. The productivity and real wages of workers in the industrially advanced economies have risen historically partly because: A. workers have acquired less education and training over time. B. workers have been able to use larger quantities of capital equipment.
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B increased by 2 percent C increased by 3 percent D...

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