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Author Question: With respect to an auction market, a. labor and output are assumed to be traded in markets that ... (Read 66 times)

yoroshambo

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on: Jun 30, 2018
With respect to an auction market,
 
  a. labor and output are assumed to be traded in markets that are not always in equilibrium.
  b. all participants make decisions based on announced nominal wage rates.
  c. all participants make decisions based on announced product prices.
  d. All of the above
  e. None of the above

Question 2

Within rich economies, there is strong evidence of convergence ________.
 
  A) for regions within a country
  B) with developing economies
  C) leading to military conflict
  D) of capital stocks, rather than output


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todom5090

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


yoroshambo

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Reply #2 on: Jun 30, 2018
Thank you :)


todom5090

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Reply #3 on: Jun 30, 2018
Happy to help you


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