With respect to an auction market, a. labor and output are ...

[yoroshambo]

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

[todom5090]

Answer to Question 1

C

Answer to Question 2

A

[yoroshambo]

Thank you

[todom5090]

Happy to help you