Author Question: Economic exploitation is measured by: a. the sum of all input costs, both direct and indirect. b. ... (Read 72 times)

vicotolentino · **on:** Jun 30, 2018

Economic exploitation is measured by:
a. the sum of all input costs, both direct and indirect.
b. the difference between the value of output a worker adds and what she receives.
c. the difference between a monopoly's profit and the profit of a competitive firm.
d. the average wage of a skilled worker divided by the average wage of an unskilled worker.

Question 2

Which of the following statements about the percent of the population aged 25 and over completing high school is most accurate?
a. Between 1940 and 2000, the rate for blacks increased substantially while the rate for whites remained the same.
b. Between 1940 and 1960, whites, blacks, and Hispanics experienced large decreases in completion rates, and experienced large increases after 1960.
c. Between 1980 and 2000, the rate for Hispanics dropped significantly while the rates for whites and blacks increased.
d. Between 1940 and 2000, the rate for whites increased about 3 times and the rate for blacks increased about 10 times.

frre432 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

b. the difference between the value of output a worker adds and what she receives.

Answer to Question 2

d. Between 1940 and 2000, the rate for whites increased about 3 times and the rate for blacks increased about 10 times.