Author Question: Over the past several decades, the United States has devoted a greater fraction of its resources to ... (Read 112 times)

captainjonesify · **on:** Jun 29, 2018

Over the past several decades, the United States has devoted a greater fraction of its resources to consumption than Hong Kong, which is why the U.S. economy grew faster than Hong Kong's economy.

Indicate whether the statement is true or false

Question 2

A monopsony pays a wage rate ________ the marginal cost of labor and ________ the value of marginal product of labor.

A) equal to; equal to
B) lower than; lower than
C) equal to; lower than
D) lower than; equal to