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Author Question: The typical relationship between a worker's productivity and the worker's wage rate is A) high ... (Read 230 times)

NguyenJ

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The typical relationship between a worker's productivity and the worker's wage rate is
 
  A) high productivity workers receive low wage rates.
  B) low productivity workers receive low wage rates.
  C) no link between productivity and wages earned.
  D) high productivity workers find that their jobs are often outsourced.
  E) that workers with high productivity need to have their high wages protected by tariffs.

Question 2

The above table shows the demand schedule and supply schedule for chocolate chip cookies. What is the equilibrium quantity and equilibrium price for chocolate chip cookies?
 
  A) 7 pounds, 3.00 per pound
  B) 2 pounds, 3.00 per pound
  C) 2 pounds, 6.00 per pound
  D) 4 pounds, 5.00 per pound


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uniquea123

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